I have to admit that it's nice to have some fresh powder for my elephant gun, like Warren Buffett, when the market inevitably drops. (investmentzen.com)
I have to admit that it's nice to have some fresh powder for my elephant gun, like Warren Buffett, when the market inevitably drops. (investmentzen.com)
But more seriously (& scarily), it's because the Fed now recognises it urgently needs to start reloading its elephant gun (with far higher rates, and I'm not at all sure that's actually possible), so it will have some ammunition for the next crisis / recession]. (wexboy.wordpress.com)