Closed-End Funds and Basketball

If you've ever played pick-up Basketball, you know Closed-End Funds. Think of the players, more specifically, the odd man out. Let's say he's your wife's best friend's new boyfriend. You invited him because, well, he seemed alright. The practice shots begin and no one pays much attention. You chat and warm up until a sense …

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How Globalization Creates Deflation and Why Central Bankers Care

Deflation is an interesting animal. From a Central Banker's point of view, it is to be avoided at all costs. The average consumer may think of this, on the surface, as a positive. Digging deeper, the average consumer has a debt balance, and that balance is climbing as of late. Despite record low interest rates, …

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