Back in 2007 there was a sign that most mere mortals failed to recognize or understand as they stood in the path of peril. A messenger delivered such a sign some seven years earlier, as well, and did so again last month. The messenger was old, perhaps as old as the universe itself and his…
“There’s always a calm before the storm” is a fairly well known saying that doesn’t always accurately define a sequence of events. Are all storms preceded by a period of calm? Is calm always followed by a storm? The predictive capability of a period of calm hasn’t necessarily been validated among meteorological circles. Being a…
This week may have marked the last time Ben Bernanke sits in front of far less accomplished inquisitors in fulfilling his part of the obligation to provide congressional testimony in accordance with law. The Senate, which in general is a far more genteel and learned place was absolutely fawning over the Federal Reserve Chairman who…