WEDNESDAY MARCH 12
Can’t Fight Physics

And we are talking about market physics, here. While stocks racked up their biggest one-day gain in five years after the Federal Reserve sought to defibrillate the economy’s cardiac arrest, it looks like it’s going to take a lot more than a pecuniary shot in the arm to heal these credit woes. Here’s one argument why there’s probably nothing to do but let the chips fall where they may.

March 2008

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