Curious things are happening in Kenya. Last year, oil was discovered in Kenya. In the last Month or so, Kenya has signed an oil exploration agreement with Barclays Bank. Apparently Barclays thinks there is more oil to be found. And last month Kenya signed an agreement with China to build a pipeline and offshore […]
So the Federal Reserve has decided that the economy is too weak to begin tightening the money supply. What interests me most about this decision is the decision to tie this to the unemployment rate. According to the FOMC statement: In particular, the Committee decided to keep the target range for the federal funds rate […]
Due to the immense political theater surrounding these Syrian chemical weapons charges, I decided to re-read some of my previous posts on Syria. That reminded me that for whatever reason, the strategy to topple Assad has not worked, so the Executive Branch of the United States had to pull out the old chemical weapons argument. […]