It is only fitting as we mark this week, the 13 year anniversary of the DJIA hitting a high in 2000 before it collapsed from euphoria, with the celebration of two creative ideas made over the last week or so; the trillion dollar coin and Buffett's declaration that banking is forever clear of disaster.
The trillion dollar coin concept ranks right up there with all great concepts that occur when all the koolaid is gone. Turning all the challenges in life into good thoughts where nothing bad can happen and everyone is good at sports.
And now Warren Buffett, who looks at the world from a vantage point as market wizard with extraordinary perceptions that go beyond any bearish thoughts formed by ordinary accounting, says the banking system in the US, which went broke just five years ago, is now fixed even without much change in their cloudy murky real financial status.
A trillion dollar coin for you, and a banking system for you, and good everywhere where accounting is a bother.
