For those who didn’t hear of the news yesterday that the Federal Reserve plans on pumping $1.2 trillion in the U.S. economy, let me assure you that this is BIG news. It was no surprise that the Federal Open Market Committee kept the federal funds rate at .25%, and economists expect that rate to stay [...]

Forgive me for being a bit late to post on this topic, but given that the news was announced on New Year’s Eve and I, like most of the western world, was celebrating the coming of 2009 (or, more to the point, a good riddance to 2008), perhaps my tardiness is understandable.
The long and short [...]