“There’s been some hard feelings here About some words that were said … Remember, one man’s ceiling is another man’s floor.” …
The Beat Goes On
From a future article in The New York Times: Janet Yellen, retiring chair of the Federal Reserve Board, announced that The Fed’s quantitative easing program, aka QE12, is close to…
America – The New Europe?
Defaulting on bond payments isn’t just for Europe anymore. Detroit and several cities in California have defaulted on bond payments. Now Puerto Rico may be in trouble, as its bonds…
Get Back to Work
Labor Day has passed. It’s time to get back to work … or at least think about work. Work, or the lack of it, is what the economy is all…
At The Fed, Saying Trumps Doing
President Obama’s campaign slogan for last year’s election was “Forward.” The Federal Reserve Board’s slogan in the coming months may be “forward guidance.” According to Goldman Sachs, The Fed is…