- Fed raises rates to 22-year high and leaves door open for more. However, they are no longer forecasting a recession.
- Relevant comment revisited: "Central bankers... they often don't know where they are, let alone where they are heading; their maps and compasses are unreliable, and their steering is wonky. Worst of all their recent policy dilemmas are the equivalent of not knowing whether the earth is round or flat."
The Economist
September 28th, 2002
- 30 day fed fund futures
- After Israel’s government passed a law aimed at dramatically weakening the country’s Supreme Court, Morgan Stanley downgraded Israeli sovereign debt.
- Great news - Aliens speak English exclusively.
Problem
with these notes: some tend to run up against a deeply rooted feature of human
cognition - the desire not to think about anything unpleasant…Sorry about that.
No comments:
Post a Comment