Invest in alarm clocks
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And That's A Wrap
If you had any doubt about the outcome of next week's FOMC meeting, Friday's employment report set you straight. When I try to think about what could stay the Fed's hand at this point, I am down to zombie apocalypse or act of God. I am not betting on either. By next week, we will be wrapping up our coverage of ZIRP, quietly filing away everything we learned for the next recession. That we return to ZIRP in the future remains my long-run view. But that is a concern for a future date. The employment report was solid, with the economy adding 211k jobs in November while October was revised up to 298k. Some momentum has ... (full story)
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Carbon-Dioxide: the gas of life!
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