Bolling: Central Banks Should Go Long

Recall, the real estate market was starting to show signs of a heartbeat just as the equity markets started their massive unwinding. If we instilled some sort of base in equities, I believe confidence may begin to trickle back into the system. Confidence is the missing ingredient, and confidence in the stock market begets confidence everywhere: in real estate, in employment, in spending and most importantly now, in lending.

I am not a Harvard economist, senator or a Treasury Department analyst, but I see the picture from the ground up. I am sure some will say that I am being self-serving in my solution. I am not. I told you that I am almost fully in three-month Treasury bills and some N.J. bonds. The total of my equity position is less than 5%. I am truly concerned about our wonderful country and our wonderful way of life. With all the very intelligent fixes (which haven't helped so far), I offer a relatively simple solution. Too simple? Perhaps, but I am a simple guy and simple has served me well. Washington might take a dose of simple. What they are serving up (complicated stew) doesn't taste too good.

Trade with your head, not over it.

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