A 2.8% GDP print and 200k+ on payrolls are poison for the hater community. For those who thought QE is just pushing on a string, or the government shutdown would destroy growth, or the business cycle is dead, or Rob Ford did not have a substance abuse problem.....I'm...
"The function of economic forecasting is to make astrology look respectable." – John Kenneth Galbraith Just about 23 years ago I entered the Marriner S. Eccles building for the first time, walking through the doors on C Street between 20th and 21st. As I passed...
All that can be gleaned from yesterday's FOMC statement is that the Committee seems a bit more comfortable with 10s at 2.50% than at 3.00%. The October missive was essentially a repeat of September with one exception - the removal of the reference to tighter financial...
"The second scene from the 1975 cult classic "The Rocky Horror Picture Show" keeps running through my mind. The lyrics to that catchy tune, "Dammit Janet", are perfect during periods like the past two weeks when BOTH our beloved spoos and the chartreuse have ripped...
Janet's Jello Shot Recipe -50m 3oz packets of lime Jello -3m gallons of boiling water -10m 750ml bottles of Don Julio 1942 -10m 750ml bottles of Green Chartreuse Liqueur -2 tons of salt -4 trillion of monetary base Mix liquids together, pour into 230m shot glasses,...
Janet's Jello Shot Recipe -50m 3oz packets of lime Jello -3m gallons of boiling water -10m 750ml bottles of Don Julio 1942 -10m 750ml bottles of Green Chartreuse Liqueur -2 tons of salt -4 trillion of monetary base Mix liquids together, pour into 230m shot glasses, chill, salt rims, and distribute to the entire adult […]
