So I end up remaining convinced that our best estimates show sharply rising real interest rates during the key July to November 2008 period, albeit the increase in real rates may have been less than implied by the TIPS markets. And even if some bond expert comes in here and blows this arg...
Into the fall and winter of 1976 and 1977, the shootings would become a nearly monthly occurrence across New York City. Although David Berkowitz was eventually brought to justice, some onlookers believed that his conviction would not—could not—be the end of the story. Watch It Now ...
Since President Richard Nixon took the US off what was left of the gold standard in the fall of 1971, the dollar’s value against gold has shrunk by 98 percent. No one believes that this debasement will end or even slow down. In fact, the US seems determined to accelerate the dollar’...
However, the end of the year approaches and it’s past time to produce the shortlist for the Enlightened Economist annual prize. As ever, the contenders are books I read during the year (regardless of publication date), the selection is arbitrary, and the prize is that I offer lunch to ...
Movies That Make You Say 'What?' When They Suddenly Cut To End Credits Silly Comedies That End With An Emotional Gut Punch VOTE 358 people have voted on Reboots, Reunions, And Revivals Nobody Asked For In 2024 VOTE 1.9k people have voted on The Worst Movies That Cost A Ton To Make ...
But none of that really matters. What really matters is that Oliver! somehow beat 2001: A Space Odyssey for Best Picture, and, thus, that’s all anyone will ever remember about this movie, until the end of time. As well they should. 82. Slumdog Millionaire (2008) In films like ...
The second thing I wanted to say before closing is that I haven’t mentioned in a long time that one of the few blogs that I read religiously is Brad Setser’s blog. The October 21 entry (The End of Bretton Woods II) is a particularly good entry and of obvious interest to anyone in...
Share your titles with the rest of us. Let me know the important titles I’ve missed here, I’m sure there are a lot. As an incentive, everyone who posts book suggestions goes into a drawing at the end of the week for a free digital version ofBy Hand & Eye. ...
Decline of the British Pound Although one British pound is worth a little less than one and a half U.S. dollars in 2024, it used to be worth a lot more. Britain had a global empire in 1900, and the British pound was worth almost five times as much as the U.S. dollar.1World War...
The British pound served as currency in the colonies of the British Empire, including Australia, New Zealand, and Canada. In the late 19th and early 20th centuries, many countries tied the value of their currencies to the price of gold. Thegold standardoffered a uniform way to determine value...