In his excellent book The New Lombard Street, Perry Mehrling writes of “a world that never was … Jimmy Stewart banking of blessed memory” (p.
The euro seems to be on its last legs, and the vision which inspired its genesis seems to have vanished from the politicians sponsoring it.
If the Fed wants to boost economic activity, it should think about raising the federal funds target rate. Why? Wouldn’t that restrict lending? Paradoxically, it
Rush Limbaugh discussed the concept of the “New Normal” on his radio show yesterday. He was pretty much on target: the “New Normal” is considered
I haven’t been posting much lately, and there’s a reason. I’ve been busy writing a new book. And it’s ready for the reading public. The