fxr

Between Now and Inauguration Day

Perhaps the reason Bush is signing executive orders early is tha he wants to beat feet. Somone may just call a hanging judge.

This article is full of urgency. The wrirter has fallen into forgetting that the crises took years to be created, and politicians, Wall stree regulatores and banking pals shouls simply be hung, along with George. That is an urgent matter. My best to Laura, who is palnning the Christmas list for cookies.

Illiquid Assets, Liquid Liabilities - Why Were We Playing Near the Cliff?

BS
The credit market solved influidity on Tuesday. In interbank loan rate jumped from around 2% to 6%, and money started flowing. Simple
Risk = Rate.