That is b.s. You really should check your so-called facts.
His speech is not hard to find via google, took me 2 minutes to find the quote.
He was describing the fear of investors by telling an anectode of some TV pundit who was saying "cash and fetal".
He was not recommending "cash and fetal" or anything like it.
Quote:
Quote de m21sniper
The head of the Dallas Federal Reserve was recently asked what positions he recommended given current market conditions and he said:
" cash and fetal "...
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