…office — she pledged that a post-E.U. Britain will prosper in its new incarnation, and become more fair and more equitable. “As we leave the European Union, we will forge…

…bond of loyalty that would be admirable and productive in many social contexts. First if it were generally true that researchers who face return fire including return fire which is…

…accelerating inflation rates, and yet still have low inflation (including low wage inflation). I looked at the old Europe 15 (the countries which were in the European Union in 1997…

Recent increased interest rates probably won’t derail housing In the last couple of weeks, long term interest rates have moved significantly higher. As of yesterday, the 10 year bond closed…

…30 year bond has not broken out of its high one year ago. Which brings me to the point that, like gas, the cure for high interest rates is —…

…by management guidance. So this divergence between analyst and economists may imply that corporate management may not be as bullish on the economy as Wall Street. Moreover,my bond model implies…

…and butter” inflation of the late 1960s (Google is your friend) and the stagflationary 1970s. Here is a graph of the interest yield on the 10 year bond from 1981…

…is no big economic news today. Sigh. So in the meantime, consider this …. The bond market is behaving in totally typical fashion in response to the Fed raising interest…

…as defined here. But. Government, the US Treasury, is constrained by an archaic rule: it has to “borrow” to cover any spending deficits. So Treasury issues bonds and swaps them…

…reserves. It is based on the assumption that deficits have no effect on the supply of treasury bonds (really) “When you pay your taxes, your bank loses reserves, but with…