Funny the Way it is…
October 16th, 2009
People always say that the Fed or other Central Banks can’t control where the liquidity flows when they cut rates.
I think we can safely say that when you cut rates to bail out the Banking industry, you inevitably blow a bubble in GS Executive Bonuses. Too bad the Fed can’t call such a surgical strike on the unemployment rate…
Or did I miss something?
(nod to DMB)
