Monday, September 9, 2024

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CAPITAL IDEAS: Lower interest rates can be bad for the economy

Lower interest rates could both help and hurt the U.S. economy, depending on the pace, magnitude, and expected path of each.

Berkshire boondoggles: Natural history of a confidence man

The young screenwriter let it be known to his Berkshire hosts that he was interested in settling in the Berkshires, and he looked at a number of large estates with a real estate broker. The one that struck his fancy was Wheatleigh, the upscale hostelry. His name was Thilo Rethmann. In fact, however, he was wanted in Germany on 57 counts of fraud, and had fled California after swindling his landlady out of $40,000.
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