dhenwood :
Yeah, but the stock market does better when interest rates are falling than when they're rising. And a period of rising rates can bring out all sorts of interesting financial crises that had been hiding.
^^^^ CB: Don't the most sophisticated financiers make money on falling stock markets as well as rising, and on financial crises too. They don't call it creative destruction for nothin'
Soon, someone will write an article on the carpetbaggers of 2005 making money off of the New Orleans crisis.
^^^
>My bank now has the name J.P. Morgan on the door.
Mine too. How's that for solidarity across borders?
Doug
^^^^ CB: Party like it's still 19o5.
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