by Brian Maher
Daily Reckoning
“Pride goeth before destruction,” warns the Book of Proverbs… “and a haughty spirit before a fall.”
The Federal Reserve might keep this biblical reproach close by…
For as one Federal Reserve magnifico boasted recently — pridefully and haughtily:
“If there’s a recession, don’t worry.”
Don’t worry, that is, because “the Fed is very powerful.”
This information we gathered through our vast web of spies…