From CNBC: The markets have been "absolutely spoiled by the Federal Reserve" and its accommodative monetary policy since the depths of the 2008 financial crisis, former Fed Gov. Kevin Warsh said Tuesday. Warsh, a distinguished visiting fellow at the Hoover Institution, was a Fed governor from 2006 to 2011. He was appointed by President George W. Bush. … [Read more...]
Archives for April 2015
Big Ass Fans
Great story about a small company making big fans. Forbes' Karsten Strauss writes: Within a year of launching the HVLS Fan Co. back in 1999, Carey Smith began the process of changing the company’s name to Big Ass Fans . Why? Because that’s what his customers were calling it. “We would answer the phone and say, ‘This is the HVLS Fan Company,’ ” remembers Smith, smiling behind his neatly trimmed beard. “ They would inevitably pause and say, ‘Are you those guys that make the big-ass fans?’ ” They do indeed make big-ass fans – their largest is 24 feet in diameter and starts at $4,850 – and … [Read more...]