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Out of Whack

Bank of America's CEO got this right... Why interest rates will matter in 2026... Greg Diamond's take... Peak oil growth... Why Maduro's takedown is so timely... The U.S. sector that will benefit...


'You shouldn't know they exist, quite frankly'...

That's what Bank of America CEO Brian Moynihan said recently about the Federal Reserve.

Moynihan discussed the central bank in a CBS interview broadcast in the sleepy week between Christmas and New Year's. He said that while the central bank has a big role in "stabilizing the economy," there is "too much fascination with the Fed."

As Moynihan said...

We're a country that's driven by the private sector, by what people do, and in the businesses and the companies, small companies and large companies, medium-sized companies, and entrepreneurs and doctors and lawyers – all these people drive our economy. The idea that we are, like, hanging on the thread by the

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