Ready to roll... trading terminal is humming...
this was a good story....
Basically applying physics to the fed model... Every action has an equal and opposite reaction.
You have to acknowledge the problem when the lender of last resort, is becoming the lender of first resort.
The notion of the Fed, to create a hedge against rapid inflation, should cut rates... That is what the market is asking.
Tuesday, December 11, 2007
My full cup of coffee ...
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