The extraordinary crises in the world economy over the last several years have led to an equally extraordinary monetary response from the Federal Reserve. Some six trillion dollars have been created since 2008 by the world’s major central banks to cushion financial markets and ease deflationary pressures. The Fed has more than tripled the size of its balance sheet since the crisis began, holding short-term interest rates near zero since the end of 2008 and embarking on several rounds of “quantitative easing” in an effort to push down longer-term rates and stimulate economic activity. Read more »
If you manage to land a job at a large investment bank or a large law firm, a few things are probably obvious: you are busy. You have a little bit of spending money to throw around. And your time is valuable.
If you live in New York City and you are still on the young side, you might also enjoy taking advantage of the sparse spare time you have. It’s not worth putting in the long hours to take home the big checks if you don’t take advantage of it, right? Read more »