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In highlights from this week's trading diary and posts, Kass discusses the financials outlook and offers some advice at the cusp of the three-day weekend.
The goal of shrinking it now is to reduce the Fed's deep involvement in global financial markets while curbing incentives for companies to load up on cheap debt.
The move comes after both Bank of America/Merrill Lynch and Morgan Stanley announced efforts to move away from the practice.
Is this economy about to roar, or go off the rails? Jim Cramer sorts out both sides of the argument.