Shaving the Bologna Ever-Thinner First, Starbucks tried to make me learn Italian. Always bad at languages, I ignored their preferred “venti” and “grande,” and continued to order my (very occasional) “16 oz. skim latte,” same as always. Next, I had to decipher the rental car companies’ vernacular. Let me save you 20 minutes on hold: a...Read More
Out of Treasuries, Into Stocks? “Obama Warns Trillion-Dollar Deficit Potential”—The New York Times (Jan. 7, 2009) “Suddenly, a Markets Turnaround”—The Wall Street Journal (Jan. 7, 2009) The stock market is famously forward-looking, so it’s certainly possible that the rally the last month or so — up 10% to 20% from its lows, depending on the...Read More
