Stephen Jen Seems Quotations

People are still looking for an interest-rate cut, but it's not at all clear when that will happen. Expectations are very volatile, but the point is that the currency seems very reluctant to go down either way.

The U.K. is a small boat with a big hole in it, but it's tied to a big ship, that being Europe. Even though it seems like it should sink, it just won't go down.