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.
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.
Thanks for the clip on Volcker.
ReplyDelete"...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....
ReplyDeleteI guess it is... but not so much the banks confidence, but asset backed paper loans.
I don't know... but it was good.