Hennessy's View

Correction

Something weird happened in the stock market today. Yesterday I blogged about the stock markets. I’d been up early to see what was going on in Europe and Asia. I was watching US futures, too. I decided to write about what might happen. And I told you about Ben Hunt, my favorite economics writer. Ben combines remarkable knowledge of game theory and psychology with his genius in finance and economics. Read more →

Are We Watching The Central Bank Era End?

Are they going to peg all the banks? Why, they could buy ground and build a new Mississippi cheaper. They are pegging Bulletin Tow-head now. It won’t do any good. If the river has got a mortgage on that island, it will foreclose, sure, pegs or no pegs. – Mark Twain quoting Uncle Mumford,Life on the Mississippi When I last checked the Internets last night, markets were booming in Asia, and US futures were soaring. Read more →