November 24, 2008 What’s so good about putting up $7.4 trillion of taxpayer money to backstop stupid banks? Then it’s said Obama wants a $700 billion stimulus plan immediately. These amounts are beyond mind-numbing. But you know something; I’m no different than you--ticked off. I wonder how much Citigroup stock Sandy Weill and Robert Rubin have sold over the past few years. Whatever misbegotten gains they’ve received should be turned over to taxpayers. But doing so would involve the Treasury recycling it back to Citigroup. Silly me! Okay, all this isn’t my job. Let’s move to the markets where investors were overjoyed by the prospects of more bailouts that should lead to future inflation. Always remember when deflation presents itself politicians and policy makers will choose inflation over tough love every time. Today’s bullish action is follow-through from ...

Huge trend reversal: Dollar busts, commodities boom… why, and will it last? Rate cuts round the world… U.S. and China slash, Japan considers. U.S. three months away from “official” recession. Two new bailouts: Who’s lining up for help, plus Uncle Sam’s October tab. Denning and Nelson on beating inflation with the right long-haul stock.

The U.S. dollar fell by its largest percentage in 13 years yesterday.

Et voila, the trend we believe is your friend returned with some impressive steam:

The Reuters/Jefferies CRB Index popped 5.9% — diddly squat compared with equity moves lately, but still the biggest daily gain for the index since its inception, in 1956.

Alas, despite the rise, the CRB is still down 24%

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