Mike Shedlock

Here is a Youtube video from about a month ago but the message is timeless. It is about how the Senate really works (or rather doesn't).

That video helps explain former House Speaker Nancy Pelosi's infamous statement "We have to pass the [health care] bill so that you can find out what’s in it."

Rand Paul Speaks Out About Senators not Reading Bills  



Interest Rate Caps vs. Bands: Can "Secret Sauce" Make a Difference?

One day after the ECB warns people to not speculate on interest rate caps, the ECB throws fat into the fire causing speculation on interest rate bands.

Reuters reports ECB mulls setting target bands for bond yields


Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.