This isn’t exactly a full post – more like a postette, or a post, jr., or, if the terms weren’t already taken, a postini or postino. Let’s call it a postito. read more »

About all I hear these days is people complaining about low bond yields. A few of these folks – a precious few – have a point. Imagine that you’d diligently saved your money all your life, going without while others splurged. Now you’re elderly and living on the interest from your bond portfolio. That is, you were living on that interest. A few years ago the Federal Reserve decided to sacrifice you to help out the banking system, a sacrifice they felt to be well worthwhile. (Let’s hope that’s a minority opinion.(1)) read more »

[This post is the last in a series on American Exceptionalism. I’ve written on this subject elsewhere, so some of you may want to skip this one.] read more »