So, I love that the Legacy of the NFP for the bush administration will be the same as that of Richard Nixon as the NFP is the worst since 1974.
I give you Nixon quote that domestic policy was "building outhouses in Peoria", and you realize that when entrusted with the public interest, lack of domestic policy drug us into economic disaster. Not that Vietnam and public despair didn't help.
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, December 5, 2008
The nfp and the 1970's
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