Private equity firm partners are starting to play games to ensure at least they get paid. Their fund shareholders will howl if this doesn’t work out, but hey the partners have expenses they need to pay. Basically, some funds, rather than selling a portfolio company to someone else (such as the public) are selling companies [...]
The Fed left rates unchanged yesterday as expected. The statement was only changed slightly to reflect the Fed’s belief that core inflation is moderating. This was basically a non event and with the July 4th holiday coming up next week, stock market volume was light. Expect another light day today.
Ron Paul introduced a bill to abolish the Federal Reserve:
A BILLTo abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
It has [...]
This post from the WSJ’s Economics Blog links to the annual report of the Bank for International Settlements that analyzes the global economy in Austrian terms. For those of you who are new, I consider Austrian Economics to be the set of economic theories that are closest to the “truth” about economics.
Does the U.S. [...]
