As Bloomberg puts it, what with the diminished oversight on derivatives in the budget bill and this new announcement by the Federal Reserve re a two-year delay in the Volcker rule, this holiday season is shaping up to be the best one yet for the financial sector. Recall that the Volcker rule is the part… Read more
…with Lou Rawls, of course, just like last year.
As the Federal Reserve Open Market Committee meets today to decide their path for monetary policy, there’s great focus on whether they’ll change a few key words of their guidance language. Specifically, will they drop “considerable time” from the sentence wherein the telegraph their thinking about how long they’ll hold interest rates at around zero? EG,… Read more
Here’s an argument–raising the federal gas tax that’s been stuck at $0.18/gallon since 1993–that IMHO should be highly resonant right now with progressives, environmentalists, fiscally responsible types, those with common sense, and anyone else I’ve left out. Anyway, it’s over at PostEverything. There’s even some bipartisan support for the idea. Let me add two pictures… Read more