Whalen: Banks, Regulators Make “Deal with the Devil”
By Barry Ritholtz - June 10th, 2009, 11:27AM
Do not value money for any more nor any less than its worth; it is a good servant but a bad master. ~Alexandre Dumas fils, Camille, 1852
Macro Notes
Reserve Bank of India raises interest ratesPeter Boockvar
The Reserve Bank of India has raised interest rates by 25 bps to 3.5% from 3.25%. The timing is unexpected but inflation has been a growing concern of theirs. ...
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June 10th, 2009 at 6:18 pm
Excellent. Really helpful to hear this while we are living in Bizarro World. Thanks.
June 11th, 2009 at 5:17 am
Unfortunately for me after reading about the side letters of AIG etc I sold some stuff thinking that this HAS to come out, there will be blood, I’d bought mid March. I only saw a fraction of the subsiquent movement. Luckily I kept some too.
It’s like the end of the 8th round and the “champ” is unconsious on the mat but he’s saved by the bell. Then he gets injected with some stuff…you know, stimulus… and hes just up and at em and fighting hard and even though the ref saw them do it he doesn’t care…
You’d think that there’s got to be repercussions for that kind of activity but I’m not so sure. In nature an overwhelming advantage gets rewarded not punished.