Monday, January 21, 2008

Pimco’s McCulley Calls for Emergency Rate Cut

by Bill McBride on 1/21/2008 03:45:00 PM

The O.C. Register's Jon Lansner shares an email from Pimco's Paul McCulley:

“Sometimes when you are ill, you make an appointment with your doctor; other times, you go straight to the emergency room. Now is an other time. ... Time is of the essence. What needs to be done needs to be done. Now."
Wow. Some people are really scared.