Citi’s Reclassification of Core Assets Just Window Dressing – … in Moody’s view,  and has no impact on its credit rating.  In Citi-speak, this change in mind is expressed as a transfer of assets from Citi Holding to Citicorp with Citicorp being a business mix [...]

[Read more →]

  Fed Weighs Interest on Reserves as New Benchmark Rate – By Scott Lanman – … The central bank has been unable to control the federal funds rate since the September 2008 bankruptcy of Lehman Brothers Holdings Inc., when it began flooding financial markets with $1 trillion [...]

[Read more →]

As a way to conserve fresh drinking water, a number of conservation groups are now calling for an end to toilets that flush. To which gas station owners say, “We are so ahead of you. We’ve been doing that for years.”

As expected, the FOMC left overnight rates unchanged yesterday. Some of the language contained in [...]

[Read more →]

  important reading on deflation – Thoughts on the End Game – John Mauldin – has 2 items of interest -  comments on book “This Time It’s Different” and Van Hoisington Quarter Letter – Thoughts from the Frontline ———— Jeremy Grantham: Lessons learned from the past [...]

[Read more →]