Does Anyone Remember Lehman Brothers?

T-Bill rates now negative, general collateral at 1 (ONE!) basis point (=0.01% interest). Negative interest rates mean that you are willing to pay someone to hold your money on the belief that you will get your money back less a storage fee. Capital is going into hiding at a frenetic pace. Negative short term rates [...]

By |2011-06-30T21:11:43-04:00June 30th, 2011|Economy|0 Comments

Fed Moves to Save Itself

I have long maintained that the central bank is an instrument of private mega-banking policy, and that that policy is quite simple: attach to an economy and suck the life out of it like a vampire. This makes the central bank similar to Renfield in Bram Stoker's gothic novel Dracula. Any central bank must be [...]

By |2011-01-24T20:00:43-05:00January 24th, 2011|Economy, Federal Reserve|0 Comments

Featured Video

Go to Top