There are some important life lessons from the movie “Dumb and Dumber”. First and foremost, when you give people (or countries) easy access to funds that they can never pay back, things usually end badly. In the case of “Dumb and Dumber”, a suitcase full of cash...
In the minutes from the January FOMC meeting, the section on "Committee Policy Action", which usually contains most of the meat on the debate, had the following line - "A few members observed that, in their judgment, current and prospective economic conditions —...
As one watches fires burn in front of the Barcelona Bolsa, rioters encircle buses in central Madrid and angry mobs attack public sector employees on their way to work in Valencia, it becomes difficult to process the true hardship being felt by the Spanish and the rest...
Recently, Bernanke has been blasting the airwaves with “transparent” policy talk. The lectures at George Washington University-http://www.ustream.tv/federalreserve, the interview with Diane Sawyer -...
While writing at Jefferies over the past few years, I have rarely put forward a bullish case for European investments - bonds or stocks. I recall in the summer of 2011, as sentiment soured quickly in Italy and Spain, I argued vehemently that the Europeans would not...
While writing at Jefferies over the past few years, I have rarely put forward a bullish case for European investments - bonds or stocks. I recall in the summer of 2011, as sentiment soured quickly in Italy and Spain, I argued vehemently that the Europeans would not let a single country default until they had […]
