This just shows how stupid these guys are. At first it might seem they may save a couple bucks driving instead of flying, but the loss of time they aren’t doing their job while on the road has to amount to substantially more loss in paid wage than the savings from driving. Shouldn’t they be … Read more CEO Roadtrip is a Freakin’ Joke
The FOMC should have left interest rates alone as the housing bubble started to burst, and let home prices fall back to historic trend-lines. Granted there may have been defaults, but they were necessary. These people didn’t deserve to be in these homes in the first place, they bought overpriced assets with no equity up … Read more FED: Finance & Economics Disability or FOMC: First to Originate Make-believe Crisis
How many more signs in the open market do people need to see to realize equilibrium interest rates need to rise to free up the markets? Right now, the low rates are just shifting the excess risk leverage into treasuries creating a pricing bubble there, driving the yields down, and escalating the spread between rates. … Read more Bank Liquidity
Buffet’s athlete analogy isn’t quite right. A more accurate analogy: A drug dealer has overdosed, and needs someone to provide half their liver for a transplant to save his life. Maybe it is his own fault he overdosed, but if we save him at least he’ll still be around to sell more drugs in the … Read more Warren Buffet’s Athlete Analogy