By John Galt April 14, 2006 First and foremost, yes, this is another editorial. I came back from a camping trip one day early to […]
Today’s Equity Warsh Out
As the world turns, or is it as these pages warned? Way, way, way back in ancient history on May 25th of this very year your snarky author defined what these pages believed would be the outcome of Kevin Warsh's first FOMC meeting as Federal Reserve Chairman. And so it happened. The new Federal Reserve Chair spoke, figured out he was serious about inflation and markets pretty much across the board sold off. The US 2 Year Treasury was beaten like an island nation playing France in the World Cup: (click to enlarge) While this move at its worst caused a 16 bps increase in yields, price matters also so until the pattern of 2022 and a solid break below…
Driving With Only a Rear View Mirror
America has a massive problem that everyone is denying and…
Marigolds, LBJ, and Tehran
The number of Americans who have a clue about this…