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September 14, 2008
Quote du Jour: Raptors at the Fence
I don't totally agree with the sentiment here, but I love the evocative imagery with respect to what's been happening in financial markets in recent days:
The raptors test the fence for weak spots. The speculators think the authorities will blink, and the authorities think the speculators will run out of funds.
-- Vincent Reinhart, former director of the Federal Reserve Board's Division of Monetary Affairs (via Bloomberg)
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