Tuesday, November 11, 2008
"Nobody Knows What The Hell Is Going On"
This is a quote an elderly gentleman has used who closely follows the economy and the markets. He used it 6 months ago and I think it is a very accurate depiction of what is going on in the financial markets. The leaders and regulators are figuring it out as they go along. The economic storm is so large and fast-moving that throwing solutions into the mix and seeing what sticks and dismissing what does not is the way to move forward. As ad hoc as that is, it makes sense.
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