King is the most qualified central banker in the world. Yet even he cannot shake the habit of driving with his eyes in the mirror.
The mkt crowd demands a god and King is one of them. Thus, when King says that, "This is the most serious financial crisis we’ve seen, at least since the 1930's, if not ever," the crowd will react in the extreme. This provides opportunity.
In the most general sense, clients are to look for the opportunity to sell, not own, UK debt, or, to own (L - S) the curve.
Robert Craven
The mkt crowd demands a god and King is one of them. Thus, when King says that, "This is the most serious financial crisis we’ve seen, at least since the 1930's, if not ever," the crowd will react in the extreme. This provides opportunity.
In the most general sense, clients are to look for the opportunity to sell, not own, UK debt, or, to own (L - S) the curve.
Robert Craven
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