and Investing
Of late there has been a lot of chatter about the so-called yield curve, usually to complain about its incomprehensibility. This lends an aura of mystery to it, which coupled with lore about its alleged capacity to predict recessions, turns it into a modern-day Urim and Thummim. But in actuality, there is nothing so mysterious … Continue reading “Understanding the yield curve”
The stock markets continue to plummet in unnerving fashion. The blame for it is centering on the “bailout” package — was it too little too late, was it too much, was the passage of it a dispiriting display of bad leadership. I think it goes deeper than that. The bailout was never meant to solve … Continue reading “What’s Behind the Meltdown”
At bottom, the issue involved in this financial crisis is false weights and measures. That is, a standard of valuation that is manipulated, making people believe they are receiving something other (of lesser value) than they actually are. The Bible has this to say about such false weights and measures: Le 19:36 Just balances, just … Continue reading “The Bottom Line: False Weights and Measures”