The Shocking Solution to the California Water Crisis (Warning: Politician’s Are Going to Hate It)

Every year there’s a drought somewhere. Each time the government response is rationing and regulation which only makes the problem worse. After the drought turns into a water crisis, it brings back the old “water is the next oil” Neo-Malthusian investment trope and investors plow money into water utility stocks. Each time investors are left…

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Top Fed Analyst: “This is when rates should rise…”

Since December 16, 2008, the Federal Reserve has kept interest rates at zero. Labor market conditions had just about deteriorated at that time. Consumer spending, business investments, and industrial production had all declined.  Financial markets were stressed.  Credit conditions were tight. The outlook for the economy had weakened considerably.  Consumers were slashing their spending habits…

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