They will cut nothing, and say... we are on hold.... not that we are done.... but that they are going to wait...
and may say...... we probably won't tighten....for some time.
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
Wednesday, April 30, 2008
have I posted my prediction.
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