Tag Archives: interest rate
Guided By Nonsense
“Read the directions and directly you will be directed in the right direction.” — Lewis Carroll U.S. consumers are at it again. After a seven year hiatus they’re once again doing what they do best. They’re buying stuff. According to … Continue reading
Even Death Won’t Save Us
Rubbernecking at the economic train wreck of central planners is not without hazard. A strained collar and dry eyes, for instance, are common perils. So, too, is the lasting grimace of disbelief that comes with the rollout of each zany … Continue reading
No Free Lunches Be Damned
“There ain’t no such thing as a free lunch,” is one of the essential axioms of economics. No doubt about it, there’s no getting around this simple truth. Everything has a price. For example, even if someone buys you lunch … Continue reading
The Muted Delight of the Forthcoming Recession
One week down. Fifty-one more to go. No doubt, this has been a wild start to the New Year. We expect many more to follow. For example, on Monday, Chinese investors overloaded the Shanghai Stock Exchange. An abundance of traders … Continue reading
