'We're Going To Be OK'

I have a good friend who is of significant stature at a major international investment bank in New York City. I trust his knowledge and professional judgment on matters of finance and banking a great deal. Straight shooter. I asked him if news that Chinese banks were told to halt lending to US banks is the opening move to a run on the US dollar and complete collapse regardless of what Washington does or does not pump out.

His response: “We’re going to be OK. More detail to follow…”

You may not know him and thus take it with a grain of salt, but I do know him and those few words in a week that must seem like a single endless 96-hour day added back a couple of the years of my life lost during this week.

Significant enough that I think it is worth sharing here, especially as we see Senator Shelby emerge from the White House meeting with a ‘deal’ apparently no closer than the beginning of the day.

For what it’s worth.

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