Federal Reserve

A portmanteau is one for my favorite tools of the English language.  It sounds awfully French to be English, but I digress.  They result from blending two or more words.  Spork is probably the most utilitarian one I can think of.  You can eat a salad or bowl of cereal with that portmanteau.   Those of us in Southern California are familiar with smog (smoke + fog).&

Charlie Brown just wants to kick a football.  Yet each time I’ve watched him attempt it, Lucy van Pelt swipes the ball away right as he plants his non-kicking foot.  As the rules of Newtonian Physics kick in, he ends up in a horizontal position before falling to the ground.

Cash use has been on the decline.  Technology has made it easier to spend money without it ever being held in your hands.  Consumption is nearly frictionless as mobile technologies allow a person to go from an advertisement on social media to payment in seconds.  So, are we headed to a cashless society?  The jury is still out but a trend has emerged.

Mourning doves are found throughout America and have large populations in most places they reside.  They are a hearty animal, capable of surviving in a variety of conditions, including summers in desert climates.  As you know, deserts are challenging environments.  Relative to other parts of earth, little grows here and that which does is highly adapted.  For these birds to

Last Friday we published this note about the recent disruption in the repurchase agreement (repo) market.  This is a short-term lending resource for various financial institution (banks and non-banks alike) to borrow cash by temporarily selling high-quality assets and promising to buy them back

The Land of Oz was ruled by The Wizard of Oz in the children’s novel from 1900, The Wizard of Oz by L. Frank Baum.  His subjects held the mysterious man in high regard. Dorothy and her friends even traveled to Emerald City, the capital of Oz, because they were certain he was the only person capable of solving their issues.