Tag Archives: interest rate
Jabberwocky Adhesive Tape
Beware the Jabberwock, my son! The jaws that bite, the claws that catch! Beware the Jubub bird, and shun The frumious Bandersnatch! — Lewis Carroll, Jabberwocky One Scratch Below More is revealed each and every day. For instance, the St. … Continue reading
Market Forces and Market Intervention
Stocks sprinted higher on Tuesday, releasing the pent up demand that developed over the long weekend. The Dow rose 106 points. According to several headlines we read, Dow stocks were boosted by strong housing and consumer confidence reports. Then, on … Continue reading
Open Season on Savers
Austrian economist Ludwig von Mises called it time preference. That is, the assumption that, all else being equal, people prefer attainment of a given end sooner rather than later. People prefer present satisfaction over future satisfaction. These days’ people’s time … Continue reading
On Price Distortions and Landmines
Former Federal Reserve Chairman Alan Greenspan told CNBC on Friday that the Dow’s new highs and 10-day run were not the result of “irrational exuberance.” On cue, the Dow took a 25 point nose dive…closing out the day with its … Continue reading
