Will Europe’s QE Work?

Price determines sentiment. In my younger and bachelorhood days, when your faithful correspondent was roaming the lower avenues of Manhattan looking for love, I spent a few months dating a singer-songwriter.  One Thursday evening, she was set to perform at a small music lounge on the lower east side.  She…

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The Virtuous Cycle of Oil

Addiction is often the result of a negative feedback loop.  An alcoholic sitting alone at the bar is trying to escape from reality, however, the resulting hangover and realization that reality has only gotten worse likely leads to more frequent bar visits and compounds the problem.  This is a vicious…

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