Card experts have warned that a winning hand can often lead to overconfidence and complacency, causing players to take unnecessary risks and become careless. Those missteps arising from sloppy play can lead to trouble when playing future hands.
During the five-month period from November to March, the S&P rose 24%, reflecting confidence that inflation was finally on the decline, prices could get under control, and interest rates would be reduced.
The stock market is hitting new all-time highs on the expectation of rate cuts in 2024, yet reflationary factors may be emerging that could push back the timing of loosening monetary policy.
In 2014, just before leaving the Federal Reserve, Chairman Ben Bernanke responded to a question about how confident he was in the effectiveness of Quantitative Easing.
Deep down below the surface of the average conscience a still, small voice says to us, something is out of tune. – Carl Jung A
“Hell on Two Wheels, Until the E-Bike’s Battery Runs Out.”
In just the last few years, many local communities are coping with a uniquely 21st century moral hazard created by the pandemic: youth on e-bikes.
Among the multitude of new buzzwords that proliferated in 2022, one that has been quoted with particular frequency in business parlance is the term, “hard landing.”
A few years ago, Epicurious invited 50 people into their studios to attempt at cracking a walnut. The participants engaged a wide range of tools and devices—hammers, knives, mallets, meat tenderizers, screwdrivers, and fingers were all painstakingly employed to try to crack open these hard shells.
In sports, match momentum is tracked not by the current score, but team managers track the number of shots on goal and time of possession, on-base percentage and walks/hits per innings pitched, rebounds and turnovers.
In mid-1979, oil prices more than doubled within twelve months. The forces that fed into the dangerous concoction that spawned the Energy Crisis included an exceptionally accommodative Federal Reserve that had kept rates low to combat a previous recession, a global surge in oil demand from a booming world economy, and a geopolitical conflict that drastically reduced oil output.
