Economics and Investing:
Genius: FATCA has brought in just $13.5 billion in revenue on a cost of $1 trillion o o o Items from Mr. Econocobas: Investors ‘Go Bananas’ for Gold Bars as Global Stock Markets Tumble – Getting more serious by the day. Yellen on Negative Rates: ‘We Wouldn’t Take Those Off the Table’ – You bet your biscuits, negative rates are not off the table. However, they have painted themselves in a corner, without an “event” that provides the cover to say, “Well things were going great until XYZ event, which was totally unforeseen and unpredictable.” Items from Professor Preponomics: US …