AND YOU WERE A DOUCHE BAG!!!!!!" Christopher Maltisanti
That's how I feel about the Fed again today. Oh, the market's only down 80, so the the urge to claim we need a rate cut to 1% seems misplaced. But what we need right now, to offset all of the liquidity coming out of the market due to smaller bank balance sheets, is aggressive fed action to avoid years of deflation.
My safety deposit box is my savings account, and I now have EUR's and CHF's in there. I can't believe the buying power of a buck is worth much in a world where a money market acct cant hold par.
To quote another brilliant person in this world, Richie Roma's "when I find out who's cousin you are.." in Glen Gary Glen Ross echoes my emotions towards Helicopter Ben. Did you run out of gas in that chopper, Ben? Now is when we need you!
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