Tag Archives: treasuries
Salting the Earth with Money
Former Federal Reserve Chairman Alan Greenspan opened his mouth last Friday to caution on the perils of quantitative easing and artificially suppressed interest rates. Greenspan also cogitated upon how to put the worms back into the already opened can. What … 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
Coming Uncorked
On Tuesday something incredible happened. The Dow closed above 15,000 for the first time ever. What a joy to be alive and bear witness to the great miracle of our time. Whereas just 100 years ago the new marvels were … Continue reading