Bernanke’s Bear Baiting
“Bear baiting is a blood sport involving the worrying or tormenting (baiting) of bears.” – Wikipedia Bear baiting was a favorite of both Henry VIII and Elizabeth I. They even built a specialized pit, the Bear Garden, at Bankside in London…
How Much Can Change in Two Years?
When I was a young man I read Richard Henry Dana’s Two Years Before the Mast. Two years seemed like enough time to change everything. It has been two years since my last commentary. But it seems like nothing has…