It’s hard to believe that there was ever a period of a few hundred years with relative peace and little military expansion. It’s not too hard to believe that almost 2000 years have passed, but given that the Pax Romana was followed by the Middle Ages we may want to re-think the idyllic and beneficial…
I read an excellent article by Doug Kass yesterday. Most of all it explained the origin and definition of the expression “Minsky Moment” that had suddenly come into vogue and received frequent mention late this past week. I enjoy Kass’ perspectives and opinions and especially admire his wide range of interests and willingness to state…
This week started on such a positive note with the reassuring words of a dove, yet ended so harshly. This time of the year it’s supposed to be the other way around with the lamb having the final word as months of a less threatening nature await ahead. Instead, after Friday’s close, whatever optimism may have been generated…
There was a time when the Chairman of the Federal Reserve did not hold press conferences. In the past that would have been a very good thing, as the last Chairman to not have held press conferences, Alan Greenspan, was cryptic. When he did speak, such as during congressional testimony, he could send markets gyrating…
Most of us have, at one time or another believed that we were carrying the weight of the world on our shoulders. The reality will always be that unless we are the President of the United States with a decision to be made regarding pressing that red button, those feelings are somewhat exaggerated and unlikely…