Bond Duration, Fed Rate, and Valuation Change
Longer duration 6.8 years resulted in a 12.7% loss of principal, significantly greater than the incremental gain due to interest earned (2%). A bad trade-off.
Category: Latest
Do Neurons Control Thinking?
Neurons are not arbiters of thoughts that arose outside of the brain. Thoughts result from the collective action of neurons.
The Lane Between Wall Street and Main Street
Trickle Down gave Wall Street $100B lesser tax burden in the first year. It kept $91B. Wall Street trickled down $9B to Main Street.
Abortion Rights in US Legal System
Should we be independent nations? Some supporting individual decision-making. Others letting the state decide personal matters.
Cultural Changes and Political Affiliation
Will we end up with two cultures inhabiting the same land? Will they alternate in power or will they cleave into separate fiefdoms?