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POST 1
I bet New York City's CAFR must be really interesting to analyze! I looked at Concord, New Hampshire's proprietary and fiduciary funds when completing my post this week. Concord's funds included water and sewage systems and other services for the city. I found the funds to be easy to navigate and I am glad the report listed the funds next to one another so you can compare them. Having an explanation about each fund before seeing all of the numerical information is definitely helpful! Great post.
POST 2
Interesting to see that there is an area for Enterprise Funds in regards to the airport system for New York City. I guess I have a similar question to what I had a couple weeks ago to one of your postings. Since New York City is such a large location, do they have a breakdown of the two airports in Queens? Looking up the addresses on Google Maps, LaGuardia and JFK appear to be both located in the borough of Queens. Each one of these airports should run a large enough budget where you would think that it would be efficient to have them listed separately. I was curious as to if that had to be listed in the CAFR in NYC's filing.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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