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The Duplicitous Sheila Bair   Five Investment Principles
Oct 6 2008 10:28PM EDT

Bernanke's in Charge of the Special Sauce

Analogy of the day comes from Mohamed El-Erian, who likens the credit markets to a drive-thru burger joint:

"Imagine yourself at the drive-thru ordering a Big Mac. At one window you order and pay, at the other - 20 feet ahead - you pick up your lunch. What if you thought that after paying at the first window, your 1000 calorie sandwich might not be waiting for you a few seconds later. You might not pay; business as usual might not take place."

Wait, the credit crunch is a way for everybody to order fewer Big Macs, and consume fewer calories? Maybe it does have a silver lining, after all!

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