Day 1,452: lax

Were central banks more lax, it would initially flatter the prices of short-term bonds and push down their yields.

Investors must prepare for sustained higher inflation

Artwork of the day 
Baby`s First Caress
Mary Cassatt
Date: 1891
Style: Impressionism
Genre: genre painting
Media: pastel, paper
Location: Private Collection
Dimensions: 60.96 x 76.2 cm

Word of the day 
lax: without much care, attention, or control

Quote of the day
“Hmm…now that I think about it, housecats are often coddled and petted. You don’t pet me nearly enough. You must be a lax owner. How selfish of you to deprive your cat of attention.”
― Colleen Houck