Tag Archives: interest rate
Credit Market Killing Machine
Yields on the 10-Year Treasury Note remain below 2 percent. Interest rates this low are extraordinarily abnormal. They indicate credit markets are feeble. Moreover, despite the Feds efforts to suppress interest rates, these ultra-low yields may be hurting the economy … Continue reading
Set the Children Free
There are things that are so obvious they shouldn’t warrant discussion…but they do. For there are blockheads out there whose brains are so soft they don’t know obvious from Adam’s off ox. Experience tells us that common sense is remarkably … Continue reading
There’s No Such Thing as a Free Lunch
By all accounts the sky was falling on December 5, 2008. Several months before, credit market liquidity had glazed over like cold winter molasses and, after over 150-years of business, Lehman Brothers had ignominiously vanished from the face of the … Continue reading
Divided We Stand United We Fall
By the time the Vandals sacked Rome in A.D. 455 the empire of the Caesars had already receded from Western Europe. Over several decades the vast territories of Britannia, Hispania, Gallia, and Italia gave way, piecemeal, to barbarians until imperial … Continue reading
