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Euphemisms: Without These The World Would Be A Scary Place
It is clear to me that the Federal Reserve needs a literal army of staff just to keep track of the euphemisms and acronyms it has created! They have flooded the banks with money via multiple schemes and programs...and allowed these institutions to carry on their risky and self-serving activities as though the financial crisis never even happened.... more
Answer To Ancient Zen Riddle: YES!!!
Right now there is a near universal sentiment, around the world, that Central Banks control our destiny and whatever they do will be correct and in our best interests. Many seem to think that as long as these entities are continuing to flood liquidity into the worldwide financial system, nothing can go wrong.... more
Groundhog Day: Is Spring Near? Or, More Winter Ahead?
Unless you have been on an extended vacation, you surely have seen the hype and emotionalism that has accompanied the latest supposedly good economic news...... more