In the style of Barry White, Curtis Threadneedle considers the Fed’s expected Wednesday move:
Money quote (so to speak): “Lending short term–baby, that’s just teasing–I want to lend forever.”
P.S. If this reminds you of Merle Hazard, it should. Merle and Curtis are buddies.
[...] Arthur KoestlerQuantitative EasingPosted on | November 2, 2010 | View Commentsby Smitty (via Donald Marron)This is very well done:Take it straight, take it sober: the country is in for a bumpy ride. The [...]