Margin Debt Up 7.2% In Feb

Margin debt jumped 7.2% in February, again rising to a new high since the 2008 financial crisis, according to the New York Stock Exchange. http://www.ytwhw.com/2011/0325/NYSE-Margin-Debt-Up-7.2-In-Feb-Again-At-Highest-Since-2008.html I actually find myself agreeing with David Stockman (on more than one occasion recently): Crony capitalism strikes again In the last few weeks alone, it launched two... [more]

Margin debt jumped 7.2% in February, again rising to a new high since the 2008 financial crisis, according to the New York Stock Exchange. http://www.ytwhw.com/2011/0325/NYSE-Margin-Debt-Up-7.2-In-Feb-Again-At-Highest-Since-2008.html I actually find myself agreeing with David Stockman (on more than one occasion recently): Crony capitalism strikes again In the last few weeks alone, it launched two more financial sector pumping operations which will harm the real economy, even as these actions juice Wall Street%u2019s speculative humors http://www.marketwatch.com/story/crony-capitalism-strikes-again-2011-04-06?dist=afterbell The crash is going to be painful. http://www.multpl.com/ Once the margin gets pulled, and it won't be pretty for jobs or the economy. I can't believe I agree with Riversider & LICCdope. Heaven help me, but they're right for the wrong reason: this is a Milton Friedman idea. [less]