October 18, 2010
– Comments (2) |
RELATED TICKERS: GE
Excellent internal UBS discussion re. the idea of infrastructure-oriented government banks. Warning: This is unsuitable for those who want everything they read to fit into a tweet.
This is like a bullion-plugger (who fills silver bars with lead, or gold with tungsten) arguing with a bill-printing counterfeiter on the best way to fleece the sheep.
Paul had the marginally better reservations and insight into how the political process will mess it up.
Thanks for your comment, but I'm not sure I understand your analogy. Is Donovan supposed to be the 'bullion-plugger' to Magnus's 'counterfeit bill printer'?