“The human brain is special. It starts working as soon as you get up and it doesn’t stop until you get to school.” Milton Berle For millions of students and teachers, it is that dreaded time of year again, back to school.  The long days of summer fun are relegated to the memory bank, as […]

“You can get with this, or you can get with that.” Black Sheep In philosophy, a false dichotomy is when a situation is framed as a choice between only two alternatives when, in reality, other options exist.  These either/or arguments are often used rhetorically to present one side as the obvious choice. You are either […]

“Flying a plane is no different than riding a bicycle, just a lot harder to put baseball cards in the spokes.” Captain Rex Kramer – Airplane When descending from high altitudes there are three ways we can land: soft, hard, or crash.  This applies in both aviation and economics. Now that central banks are attempting […]

“The sky is falling.  No, I’m tipping over backwards.” Steven Wright At several points over the past 18 months, we were accused of being ‘Chicken Little’ with our warnings of rising yields.  People looked at us funny when we said the central banks had a clear path to raise overnight rates to 1.5-2%.  Our sanity […]