In Acropolis Now, my post about national bankruptcy, I referred to something that James Carville had once said about the bond market.
No wonder James Carvill (Bill Clinton’s electoral guru) once said that if he were to be re-incarnated he’d like to come back as the bond market, because then he could do exactly as he chose.
But I was quoting from memory and writing without an internet connection. Today, the Guardian has a piece in which the Carville quote is given in full. This is how it went:
“I used to think that if there was reincarnation, I wanted to come back as the president or the pope or as a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody”.
I got the general drift. But the actual quote is better.