Chris

26 November 2015 - 26 February 2016 We're delaying a normalization of rates way, way beyond what is prudent. We have a monetary policy that's now in place that was adopted for the crisis conditions of 2008 and 2009. This [northern] summer we're going to be getting the seventh … [Read more...] about Leithner Letter Nos. 192-195

26 July 2015 - 26 October 2015 The special commodity or medium that we call money has a long and interesting history. And since we are so dependent on our use of it (and so much controlled and motivated by the wish to have more of it or not to lose what we have) we may become … [Read more...] about Leithner Letter Nos. 188-191

26 March 2015 - 26 June 2015 analysis, Benjamin Graham, wrote in The Intelligent Investor in 1949: “The investor’s chief problem – and even his worst enemy – is likely to be himself.” … From financial history and from my own experience, I long ago concluded that regression to … [Read more...] about Leithner Letter Nos. 184-187

26 October 2014 - 26 February 2015 altogether even the pretence of teaching. … [More generally, English universities have] become sanctuaries in which exploded systems and obsolete prejudices found shelter and protection, after they had been hunted out of every other corner of … [Read more...] about Leithner Letter Nos. 179-183

26 June 2014 - 26 September 2014 There’s a pattern of falsifying statistics throughout the entire [U.S.] Census Bureau. And anyone who attempts to blow the whistle on the fraud is either retaliated against or ignored, according to two new sources who have experienced the process … [Read more...] about Leithner Letter Nos. 175-178