In my January 2 essay “Beware of Years That End in 13” I explained why 1913 was an awful year and expressed the view that 2013 could hardly be worse. That was before I realized that the Congress that just commenced in Washington is the 113th. Creepy? Inauspicious? I report, you decide.
Inflation wouldn’t be so hard to understand if it wasn’t wrapped up in so much untruth, wishful thinking, and misdirection, Richard Fulmer says.
The irrationality, dear friend, is not in our markets but in our government, that is, the central bank.