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TDB's picture

I’m only half kidding about the cultural differences. In Australia, they eat kangaroos, in Iceland, they eat horses, and all over rabbits are regularly consumed. Is America’s culture so superior that we know for certain we have found the right combination of animals to slaughter for meat? Or is culture an appropriate issue to legislate, enshrining the “American way of life” into law?

Greenwich Endeavors's picture

The Fed just raised the Fed Funds rate by 25 bps to 1.25%.  However, long term rates rallied by 50 bps!  Mohamed A. El-Erian, bond market veteran and specialist wrote today that the Fed should continue to raise rates “and that policy makers should take seriously the growing risk of future financial instability, especially in the absence of a carful normalization”.