I was going to try and write up something about economics or my take on economics... I am so surprised how much I like economics.
and hate the lameness of "on the one hand and on the other".
So, it is still obvious that most people assume we will cut to -2% interest rates and, that is one thought, and the simple solution.
Not only do I know that we can do better, than kicking the dollar off a cliff. My bet is that we will do better. Waiting for other economies to slow, and other governments to cut, will give the dollar enough cover to keep it from killing us..... My bet is that the fed will have to cut a full .5 at the next meeting, regardless of the dollar, or inflation. I still bet that our government and the Washingtonians will come up with some other solutions. Desperation of our situation will kick in and provide us with some of the greatest solutions to our economic Woes, seen in 80 years.
It's weird how excited I am to see what develops out of this... Like I say, I just want to be on the good side of the trade.
I'm watching this Groucho Marx...
Hat tip to BigPicture and Paul kedrosky.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Saturday, January 5, 2008
Econo Fun
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