The Blob on Wall Street
Prieur du Plessis (December 16th, 2008) Writes:
This post is a guest contribution by Bennet Sedacca*, President of Atlantic Advisors Asset Management.
The Blob is a morass of financial intervention that has eaten every bad financial deal too large to let die on its own. To understand the Blob, we must first understand how and why the Blob was formed in the first place.
The evolution of the Credit Crisis began in the mid 1990’s when the money supply began to grow at unprecedented rates. As the money supply grew dramatically, stock prices then began their ascent to the bubble highs of 2000.
Once the stock market bubble was popped in 2000 and stocks began to plummet, it seems that the Greenspan-led Federal
...Atlantic Advisors Asset Management, Bennet Sedacca, bloomberg, Federal Reserve System, Greenspan, International Honor Society of Economics, Market Commentary, PaineWebber, Real Estate, Real Estate Market, Rutgers University, Salomon Smith Barney, Sedacca Capital Management, Wall Street Journal Online, Wall Street Journal, www.minyanville.com


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