Quote du Jour: Raptors at the Fence

raptors 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)