We haven’t written much about Brexit…largely because, for the life of me, I have been unable to embrace, with any conviction, a view as to whether the Europeans will dodge this bullet, as they have dodged so many in the past, or whether chaos will finally ensue. Then, if chaos ensues, I’m equally clueless about … Continue Reading
The Federal Reserve announced last Wednesday that it is leaving the federal funds rate where it is, for now. While the United States is pondering interest rate hikes, other parts of the world are plunging further into negative territory. Last Thursday, in an attempt to bolster Europe’s weakening growth and spur inflation, the European Central … Continue Reading
