Here is an honest assessment of what’s going on with the Occupy Wall Street protest by someone who has been part of it for, it seems, at least several days. It was forwarded to an email list I monitor by a friend of the writer. If is assessment is correct, it’s important to pay attention to this movement as it could lead to all sorts of [...]
by Bo Peng
Fed’s Sense of Humor, Amazing Foresight, and Inflation Risk
If you still have any doubts of Fed’s bias towards sustaining bubbles and being late on fighting inflation, the latest release of 2005 Fed meeting minutes should help you see it more clearly.
There’s some good humor and cynicism there, which certainly deserves respect. It’s also obvious that many Fed officials and economists, including Greenspan [...]