Jameson --

Many thanks for your kind comment! I tend to be of the opinion that much of the back and forth over what the "next Enron" will be is a lot like the "next Buffett"...an interesting question, but likely better at attracting page views than profitable investing ideas.

That said, there are definitely things to look for. Blindly ambitious expectations that aren't rooted in a rational development are certainly one of them. Seen in that context, it makes sense to be a bit nervous about the Fed. Nothing is too touchy for this forum -- we're after the truth, and the Fed is an important subject!

After all, what's the precedent for the massive moves that they are making? Humanity has never seen a banking authority charged with so much authority nor granted so much trust.

But I would caution you on making investment decisions rooted in the thesis that the Fed is the next Enron. Even if every negative thing that could possibly be said about the fed is true: their balance sheet is a fabrication, they have no idea what they are doing, and so on...they still get to pay everything back in a currency that they control and can create out of thin air.

That's a massive distinction. If Enron could have done that, they'd still be in business. So at least for my account the old adage "don't fight the Fed" will stay in play.

Cheers and all best. Thanks very much for reading!

Will