When most people think about the future, they ignore that the future is a distribution of possibilities – Howard Marks December 23, Washington DC. As the winter chill settled over the nation's capital, the corridors of power in Washington were not entirely dormant. A pivotal moment in American economic history unfolded on this crisp December day in 1913. The stage was set for a crucial vote on the Federal Reserve Act, a piece of legislation that aimed to reshape the country's financial landscape.
really interesting point about debt service /income vis-a-vis debt service /wealth and the strains it may create. I am with you on early strength and then a reversal. the sugar high of this pivot concept is going to fade. the one potential offset is the fact that it is an election year and Yellen will do all she can to stimulate the economy
really interesting point about debt service /income vis-a-vis debt service /wealth and the strains it may create. I am with you on early strength and then a reversal. the sugar high of this pivot concept is going to fade. the one potential offset is the fact that it is an election year and Yellen will do all she can to stimulate the economy