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

"Sell down to your sleeping point"

Friday, March 21, 2008

Paul Volker on Charlie rose from Tuesday

2 comments:

Tony said...

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.

Eric said...

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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