Monday, September 28, 2020

It is not a banking crisis

 It is a 'Do slightly better than Nixon' crisis.  

We get better at this. It has been done before, in memory. It fits some pattern in history, we generally survive it.  My coin toss is fairly weighted, there is a very good chance we will do no worse than Nixon. I would call it a banking pain in the arse.  At this point, plan B is in the notes of our esteemed, that is enough. Those plan B notes are good enough to get a better Nixon.

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