My thanks to John for keeping the wheels turning around here and keeping Igor in line the last while. He’s been pulling more than his share. Things will mostly be in his and Igor’s capable hands (and claws) for the next couple of days. I’m off to the Big Apple to visit family. Consider this an open thread. Please help us keep abreast of things. Cheers, Twist
There are some who think it’s time for the central bank to exit the market. Others say such an abrupt end would undo the Fed’s efforts to keep mortgage rates low and instead suggest a gradual wind down of its purchases and an extension of the program into the early months of next year. – Nasdaq1 A year ago last Friday, exactly 7 years and 7 days after 9/11, the US became a command economy. Now, in a "fit of absent-mindedness," key agencies of American financial policy find themselves with side-businesses as Soviet-era economic secretariats, and they don’t quite know…
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