Financial Literacy Month

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Sometimes they make my job too easy.

An April 4 joint press release by the Federal Reserve Bank of Chicago and Visa, Inc. trumpeted the main points made by speakers at the National Literacy Summit.  Earlier — March 31, 6:52 pm, although delaying the announcement by six hours would have made more sense — President Obama announced that April was National Financial Literacy Month.  My irony meter exploded.

This from the guy who gave us government budget deficits of over $1 trillion.  There is at least some evidence that global credit markets have added about 20 basis points to the yield on ten-year government bonds to reflect the increased default risk.

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.