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Last Minute Thoughts on the Fed
The much awaited FOMC meeting is here. Discussions appear to revolve around to main questions. What should the Fed do and what will the it do? And the two are often confused. Everyone has an opinion about the former. It is like watching a sporting event. We do not let our lack of experience prevent us from being critical of players or coaches and offering unsolicited advice (even if through a TV) on how to win. What should the coach do? The betting person spends little time on "oughts," and considers what is the most likely outcome. They will evaluate various factors and place their wager accordingly. Investors ... (full story)
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Carbon-Dioxide: the gas of life!