Relevant and even prescient commentary on news, politics and the economy.

The Stagnation Capitulation and The Taper Tantrum

Paul Krugman interpreted the recent decline of 10 year safe interest rates from extremely low to astonishingly low as a capitulation to stagnation. He argued (convincingly) that investors have decided that short term safe interest rates will remain extremely low for a long time (evidently at least 10 years) and that the post 2008 pattern […]

Wallowing

Virtually nobody outside of legal circles and academia questioned the appropriateness or outrageousness of Comey’s comments. One academic legal blogger, Stetson University College of Law professor Ellen Podgor, noted that most FBI investigations with no indictments don’t issue public statements; that the FBI’s investigation was one-sided; that Comey cited hypotheticals without facts; that his accusations […]