harry rady | 
02 4th, 2009| 
In December Forbes Ruthie Ackerman did an insightful story on the woes of Wall Street. Several pertinent comments by Mr. Rady should be noted.
“I think the weakness is due to light volume and investors taking advantage of the market strength to do some tax sell offs,” said Harry Rady, chief executive officer and portfolio manager for Rady Asset Management. “The major problem is a global glut of debt. The only way to pay down debt is to sell assets to raise cash.”
“The Treasury market has gotten so overvalued that I’ve actually started shorting Treasuries,” Rady said. “All of the bailout money on top of the fact that the dollar is getting crushed is going to make interest rates go up. I think the Treasury market way overshot the mark.”
You only have to read the Wall Street Journal any day of the week to understand that Rady’s comments on the economy are on the mark.