Showing posts from March, 2023

A Central Banker, a Venture Capitalist and a Bank CEO Walk Into a Bar...

                                         Source:      They stand mute, shell-shocked and ashen-faced.  Finally, the central banker speaks up. I can't believe what's happened!! Who could have known that lowering real interest rates to below zero  for a decade following the sub-prime mortgage crisis - that we caused with low rates, excess liquidity and no regulatory oversight - could lead to high inflation? And who