materials strong....
financials getting killed. this is the stagflation trade.
it's funny that there is a trade in it.....
Stagflation is a feedback loop, and is bad for everything.
It will kill our economy. No better cure for high prices than high prices.
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
Monday, February 11, 2008
stagflation
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