Think About 22 Years Ago
Which analogy works best for trading this fiscal cliff resolution, the debt ceiling debate last year, with the hideous declines that ended the moment a deal was at hand, or the European debt talks where we figured that each midweek ECB meeting would bring better news and finally one did?
I think neither. As the president and the Speaker and their retinue start the talks today on resolving the crisis, I turn to 1990, specifically to 22 years ago right now, in 1990, when then President Bush was asking Secretary of State James Baker to hold talks with Iraq about getting Saddam Hussein to pull his troops out of Kuwait....554 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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