Quote of the Day

September 10, 2015
Wall Street’s Deep Divide Sends Fed an Urgent Message on Rates

Seven years at zero doesn't seem to have fixed everything. - Peter Tchir of Brean Capital LLC

Well, as long as it has done the important things like permanently putting an end to recessions, permanently ensuring that the unemployment rate only falls, permanently removing the risk of all risk assets, and permanently kicking the unsolved problems can down the road, then I doubt too many people will complain.

Japan.

Oh, crap. Why did I have to unexpectedly drop the "J" bomb right when I was feeling so optimistic about ZIRP and our long-term future?