When the western educated offspring do what they’ve been taught to fight inflation it can all go very wrong. Their main tool, whether they know
> > (email exchange) > > On Wed, Nov 10, 2010 at 10:29 PM, Mark wrote: > > One more thing I dont get. You say there isn’t
This is how it all starts. The $10.1 billion gain in non revolving is the key. That, along with housing, is the borrowing to spend
Karim writes: Very solid number in many respects NFP +151k plus Net revisions +110k Private sector job gwth +159k Average hourly earnings +0.2% and index
I’ve been watching for a ‘buy the rumor sell the news’ ‘risk off’ reversal, but it happened at best only momentarily after the Fed announcement,
What the Fed did and why: supporting the recovery and sustaining price stability By Ben S. Bernanke November 4 (Washington Post) — Two years have
Karim writes: Statement dropped reference to bank credit contracting Several references to inflation being too low; 2nd paragraph completely overhauled to specify that Fed is
Getting really bad feelings for the next week or so: QE believed to be inflationary money printing but doesn’t actually do anything Gridlock presumed good
I wasn’t sure whether to send this, as it reveals my lack of clarity on current events, but decided to send it to make the