Floyd Norris has a typically Floyd Norrisish (that is to say, really good) column in Friday’s NYT: Consider how banks make money. They pay low rates on short-term deposits and charge higher rates on long-term loans. So they love what are known as positively sloped yield curves. And they like to see big credit spreads, [...]
My September trip to Denmark has finally resulted in actual print-on-paper article that’s in the new issue of Time and online here. It’s a lot shorter than I had banked on. Actually, that’s not quite right: Its two pages are about as much space as I had ever hoped to get in the U.S. edition [...]
