One of the smarter moves President Barack Obama used during his campaign to lure the interest of the casual voter was to introduce his athletic side and interests into his platform discussions.
The basic-materials and energy sectors were leading the market rally Monday as a shrinking dollar lured investor interest to commodities.
The Food Network has been a home run as well, luring viewers interested in cooking.
He left the firm, however, when the lure of another interest was too great.
But the lure of higher interest rates would probably be required for investors to get behind the pound in a big way.
In the wake of debt-driven financial crises, households and businesses typically spend years whittling down debts, and are much less sensitive to the lure of lower interest rates.
This is quintessential hot money — large amounts that jump from bank to bank, each bank offering the lure of high interest, which the banks then must fund by making ever-riskier loans.
It's hard to imagine a lure that could interest them; they like live prey but stalk it almost imperceptibly slowly, mimicking a clump of seaweed, then inhale it with a lightening gulp.
But there is another factor at work as well: the lure of low interest rates.
He taught me that information is power, and how to lure in the interest of Senators, Governors, Congressman and Presidents for our projects.
The money came in, but only after investors were lured with crippling interest rates, which are now well over double those the Germans pay.
