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
Friday, March 21, 2008
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2 comments:
Thanks for the clip on Volcker.
"...looking for storm clouds behind every silver lining..."
Ahhh yes, the good old days when central bankers had more diligence and less celebrity.
I was a little suprised, how he thinks it's a confidence problem....
I guess it is... but not so much the banks confidence, but asset backed paper loans.
I don't know... but it was good.
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