I haven't had a chance to read this yet, but Philly Fedhead Charles Plosser has the markets freaking out (dollar up, Treasuries down) right now with talk of an exit strategy.
You know my thoughts. There is No Exit. How does the Fed dump more than a trillion dollars of bonds into a rising interest rate, high unemployment, 10% GDP deficit environment? How does Obama finance his deficits?
03 25 11 Shadow Open Market Committee
3.25.2011
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Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
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UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
Inflation is always and everywhere a progressive phenomenon
Excerpt from a text conversation with a young "democratic socialist": DS: Every time the US has become progressive, the right wi...
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