Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Wednesday, February 23, 2005

The Wall Street Examiner

As I have posted before, The Wall Street Examiner is a good read (and the articles there are still available at no charge for the rest of this week). Here's an excerpt from one of the articles:

The Fed added $3 billion in 5 day repos for the holiday weekend, far short of what was needed to cover $8 billion in expiring bills. We knew that would happen. We also knew that since the IRS would be pumping another wad of Friday party favors into the bank accounts of early filing taxpayers, it would be no problem.
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I also linked to this information here, trying to explain the recent flattening of the yield curve.
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