Why not charge a proven deflation-fighter with running the Treasury?

Bill Bonner uses the turkey as a metaphor for the economy.

Recently, investors have been hammering on the world's capital markets. Soon, they may be hammering on the world money system itself.

What evil omen has the market noticed?  What devil-on-the-loose does it fear?

A few months ago, working on Wall Street was about the most prestigious thing you could do.

The losses keep piling up -- close to one trillion in stocks, and almost $5 trillion in U.S. homes.

First the bubble pops, the demand collapses and takes stocks down with it. But never fear, it's all part of Nature's plan.

High rates of saving causes a recession to turn exceptionally nasty.  People cut back, and all of a sudden the cutbacks are magnified by millions of little decisions all up and down the economic ladder.

The feds are doing all they can to bail out the economy.  And for all their bailing, the water is still rising.

In addition to the $1 trillion taken out by the savers, there's also the effect of less spending magnified all through the economy.