Tag Archives: natural modeling of the risk identity

House Passes Tax Reform Bill (and you’l never guess what’s missing)

There was a big celebration on Capitol Hill today. US House members passed a tax reform bill the Speaker says is “extraordinary!” Like the original version, the new version is extraordinary because it makes the same mistake, over and over … Continue reading

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Maintaining Mitigation

Fed chief, Janet Yellen told the Senate Banking Committee today that the central bank will continue to “mitigate the risk.” The primary tool for mitigation, she said, will continue to be the Federal Funds Rate, which in financial circles is … Continue reading

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