Investors Have To Ask Themselves Two Questions.

As A Whole, Investors Should Welcome Attempts To Safeguard The Integrity Of Markets. You Need Very Clear Rules Applied To Markets.

The World Is On A Bumpy Journey To A New Destination And The New Normal.

The One Instrument That Has Relative Political Autonomy Is Monetary Policy. Central Banks Do Not Need To Go To Congress To Get Approval For An Interest Rate Hike.

Once You Start Moving [market] Lower, Then You Trigger Of All Sorts Of Things. You Trigger People Who Have To Sell Because They're Over-levered. So They Sell Their Winners And Their Losers. They're Just Trying To Raise Cash. So, What You Then Get Is Spreading Malaise Throughout The Global Markets.

I Remember When I Was Growing Up, You Would Go To A Bank To Open A Deposit, And They'd Give You A Toaster. A Free Toaster. These Days, If You're A Company, And You Go To A Bank, They Could Easily Turn You Away! They Don't Want Your Deposits Anymore.