Friday, January 11, 2008

Some words for Bernanke the academic

"Substantive" Ben graduated from Princeton. The market spoke to Ben today. I'll use some Jersey words so maybe Ben will understand.

"All yak and no whack."

If the market is pricing in 150 basis points of cuts, then why doesn't he just go ahead and cut now?

"All yak and no whack."

The Fed is disgusting.

He reminds me of the Miami Hurricanes football team who live in their past glory and still trash talk during the games, while backing it up with nothing.

"All yak and no whack."

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