Most worrisome for me, is the idea that we are going to try and reflate housing prices..... it just sounds like the dumbest thing in the world to.... attempt.
Just bleed off a year and a half of that inflation.. it just has to happen.
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
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