For the last 50 years our nation has lived with the idea that our government can borrow as much as it wants and set its own rates through Fed Policy. I think the coming year will reveal a change that has already occurred. I think the Fed has less control over rates and the economy …
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It has been wisely observed that you can ignore politics, but politics won’t ignore you. Quite frankly I am not very happy with the offerings of either party when it comes to economic policy. Republicans talk a lot about economic freedom, but they seem to be best at crony capitalism. The Democrats siren song of …
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Speaking of Congress, I thought Sarbanes Oxley was supposed to improve the integrity of financial reporting. Every one of the major public institutions complied with Sarbanes Oxley in their 2006 year end reporting. I thought Congress had acted to protect investors from inaccurate financial reporting. We went private after Sarbox went into effect precisely because …
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