11 May 2012 I’m Not Speeding – I’m Qualifying
Posted at 13:24h
in The Friday Brief
A bumper sticker caught my eye this morning, and quite nearly my front bumper, as the car's driver inserted himself ahead of me. The sticker read "I'm Not Speeding - I'm Qualifying," an obvious reference to NASCAR, which was born in these parts. It occurred to me what a fitting description of market traders at today’s large banks, if not the banks themselves.