I’m not sure what to make of this, but it appears that at least some “people-in-the-know” on Wall Street are getting spooked—survivalist-style spooked.
I suppose that, without credit moving through the system, that supply lines of goods and services could substantially dry up—but I’ve got to believe that the administration would nationalize the banks before such an extremity of circumstance arrived.
Still, it’s interesting how some hedge fund managers appear to be talking and behaving.
