The Risk of Inflation

The swap lines over the weekend were a politically, politically correct way for the Federal Reserve to bail out foreign big institutions and not take care of the little guy in the United States. Those things aren't trading at par. If they're trading at par when I walked down to my bank on the corner and I said, I want my money, they'd be able to hand it to me. So this is just a mass grade load and nonsense. Now let's continue seeing risk on assets. You're seeing scarce assets actually be big winners here.