It seems to be a policy of the Federal Reserve Board to never use a two-syllable word when a four- or five-syllable word is available. So we have “quantitative easing”…
ZIRP Everlasting
Some things never change. Apparently, the interest rate for Federal funds is one of them. To the surprise of no one – except the “experts” and journalists who have been…
Place Your Bets
“What mighty Contests rise from trivial Things … ” Alexander Pope, The Rape of the Lock …
ECB: Cheap Oil Is the Problem, Not Iran’s Nukes
If the European Central Bank (ECB) is to be believed, the biggest threat from the Middle East is not Iran getting nukes, it’s Saudi oil. What’s the big deal? Saudis…