Daily Archives: December 20, 2012

The Libor Lies

LIBOR is the London Interbank Offered Rate.  It’s a series of interest rate benchmarks used in trillions of dollars of bank transactions, commercial contracts and numerous other banking instruments.  The rates are set by a panel of banks excluding both … Continue reading

Posted in Charles Mackay's Delusions & Mania's, Money | Tagged , , , , | Leave a comment

Benghazi & How Ideology Blinds

Some years ago I spent time with a Catholic Priest who is Pastor of a Parish in an affluent Westchester County neighborhood; who explained to me his experience of living through the terror attacks that rocked the entire Near East … Continue reading

Posted in Arab Spring, Iran, Islam, Near East, Peter Drucker, Politics | Tagged , , , , , | Leave a comment