drafts @ interfluidity| drafts.interfluidity.com
drafts @ interfluidity| drafts.interfluidity.com
drafts @ interfluidity| drafts.interfluidity.com
drafts @ interfluidity| drafts.interfluidity.com
drafts @ interfluidity| drafts.interfluidity.com
drafts @ interfluidity| drafts.interfluidity.com
drafts @ interfluidity| drafts.interfluidity.com
February is one of the most beautiful and painful songs ever written, by Dar Williams.| www.interfluidity.com
On Friday, St. Louis Fed President William Poole gave a speech called "Market Bailouts and the Fed Put" (hat tip Calculated Risk). Poole discusses "whether Federal Reserve policy responses to financial market developments should be regarded as 'bailing out' market participants and creating moral hazard by doing so." Unsurprisingly, Poole thinks not.| www.interfluidity.com
drafts @ interfluidity| drafts.interfluidity.com