In Mammon Among Friends, Malcolm C. Harris, Sr. provides commentary and news about the national economy, the Wichita economy, the world of finance, and utility & postal economics. Experiences such as a utility commission staff manager, forecasting postal volumes and revenues, consulting on utility regulation, and teaching corporate finance have shaped his analysis.
Friday, March 21, 2008
What The Fed Did Last Tuesday
Bill Gross, who manages more money in bonds than anyone else in the world, looks at the Federal Open Market Committee's decision last Tuesday to cut its target for the Federal funds rate by 75 basis points to 2.25%.
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