Hartnett: Fed Will Cut Aggressively When "Krunchy Kredit" Cracks

One week after Michael Hartnett explained why he expects gold to rise not to $5000 but $6000 by next spring, BofA's chief investment strategist - fresh off compiling the results of his latest fund managers survey which was more idiotic and bipolar (or rather Buypolar) than usual, he is back and again pitching the virtues of gold in his latest flow show. 

We'll get to that shortly, but first here are Hartnett's two Zeitgeist quotes, which capture the moment perfectly: