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Thursday, July 2, 2009

Pay Me Now, Or Pay Me Later

Mr. Market has been telling us for a long time that we need to de-leverage. This morning on CNBC, Nassim taleb said the same thing. It reminded me of the old Fram oil filter commercial, "pay me now, or pay me later". The market is telling us - deleverage now, or I'll do it for you later. Unfortunately, our leaders don't seem to get it.

I actaully have a copy of the "Black Swan" but haven't read it yet. Taleb is kind of an egghead, but he does make a whole lot of sense.

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