Tag Archives: interest rate
Economic Subsistence
Several weeks ago DOW 16,000 was a foregone conclusion…it was practically guaranteed. Now the DOW’s wildly spiking and diving above and below 15,000. What gives? From what we gather, markets are anxious about what central bankers can and can’t do … Continue reading
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
