Archive for May, 2010
The Egocentricity of the Present Part 11 of 22
The Egocentricity of the Present Part 11 of 22
The chairman of Presidents Nixon and Fords Council of Economic Advisers, Herb Stein, was fond of saying that, if something cannot go on forever, it will stop. Eventually the conceit of a new era in housing could not go on forever, and it stopped. [...]
Posted: May 28th, 2010 under Financing.
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Challenges for Monetary Policy Part 8 of 14
Challenges for Monetary Policy Part 8 of 14
Writing in last Sundays New York Times, Ben Stein Simple Currency Forex Trading noted this and that the Fed does not have much power to influence the price of oil. He is right. And for that matter, we cant do much about the external demand [...]
Posted: May 21st, 2010 under Financing.
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