QUESTION: I was taking to a fellow attendee at your Princeton conference who has been following you since the 1980’s. He said when you write the Fed is telling banks to “re-calibrate”, this is not speculation or opinion, but fact based upon real sources. Is this true?
ANSWER: Yes. I never speculate like that. If I am giving my opinion I clearly state it as such using the word I “think”. When I make a statement such as that, it is confirmed from direct sources. The internet is full of opinion. Major clients have always looked to me for fact, not fiction, speculation, or opinion. You will be surprised at who attends our sessions.