Mind the Gap

Board members may have also been concerned by evidence of cost push inflation in Germany.

And we were trying to say that, hey, some of these guys that work there are actually OK some of them actually have friends and family, and they're not all awful people.

But few recognize similar drops in other sectors, despite such trends far reaching economic, social, and political implications.

It is not just that the US has become a debtor nation it is that large pools of capital and liquidity now reside in places like the Gulf region and China, with no sign of that trend reversing.

This island of central planning in the midst of the market economy was a strange and puzzling feature all the more so because so few remarked how strange it was. There were no calls for a five percent growth of kilowatt hours rule as there were calls for a five percent growth of M2 rule.

Maybe many of you have noticed this with loved ones, you can find somebody who can't recognize their face in the mirror, or can't tell anyone in their family, but you can still find a shard of music that that person will jump out of the chair and start singing. And with that you can bring back parts of people's memories and personalities.