«-- Note from JWR: | Main | Odds 'n Sods: --»
Jim's Quote of the Day:
"I do not have a new message here; we have known for a long time that advance
preparation and a strong balance sheet are the keys to riding out a financial
storm. As I have emphasized before, the Federal Reserve can deal with liquidity pressures but cannot deal with solvency
issues." - William Poole, President of the Federal Reserve Bank of St. Louis,
February
29, 2008 (as recently quoted by Dr.
Gary North in his Reality Check e-newsletter.)
