We are in the back end of some interesting time cycles, namely the 144/987-month window we’ve discussed since September. Now they are in the 161-week window off the 2011 bottom and by next week the start of the 610-week window off the March 2003 bottom.
When Dr. Alan Greenspan became chairman of the Federal Reserve, he moved from the world of rhetorical economics to the world of action. His most recent memoir attempts to make sense of how the financial crisis of 2008 came to be and how we can better predict future crises, along with the role of gold in a global monetary system.
As many Americans know, there’s an unspoken rule that you should never discuss three topics at the Thanksgiving table: money, religion and politics. Initially innocent “discussions” on these subjects often devolve into contentious arguments and have ruined countless family gatherings across the country.