2.26.2007

Closing CFC short

There's been plenty of news about subprimes, and discussion of whether the disaster will spill over into the larger mortgage market. I'm closing my CFC short today on the theory that a lot of the negative news is priced in and we could get a snapback rally.

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Inflation is always and everywhere a progressive phenomenon

Excerpt from a text conversation with a young "democratic socialist": DS: Every time the US has become progressive, the right wi...