Bill Ackman Let Massive Profits Slip into Losses 3 Times in Herbalife Short (Video)
By EconMatters
By EconMatters
What a bunch of nonsense.
For seven years now we’ve been told the US is in a recovery. However, if this were the case, the Fed would have started raising rates years ago (likely in 2012). No other recovery on record saw the Fed maintaining ZIRP for so long.
There is simply no factually credible argument for why rates should be ZIRP if the economy is expanding. You cannot have claims of a “recovery” or expansion while ZIRP is in place. ZIRP is meant to be an emergency policy meant to pull the economy out of a severe recession, NOT a long-term program.
Every now and then, it is good to refresh knowledge of what is truly important in life. So it’s time to redux SmartKnowledgeU's post “The Greatest Speech Ever” by Charlie Chaplin. Charlie Chaplin was known as the greatest silent actor ever...
Earlier today, Canada's Globe and Mail released the following helicopter flyover showing the extent of Fort McMurray destruction in the heart of Canada's oilsands region, in the aftermath of the massive wildfire which continues to spread in Canada's Alberta province and until earlier today was threatening to enter neighboring Saskatchewan province.
Russia has offered to send fire-fighting aircraft to assist Canada in dealing with the Alberta wildfire. Communications Adviser for Public Safety Canada, spokesperson Mylene Croteau, told domestic Russian-language news agency RIA Novosti on Friday, that Ottawa will review Moscow’s offer in due course. Sputnik reports: “We can confirm that we have received a letter from the Russian Federation offering their assistance,” Croteau said.