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

You searched for: label/proxy voting

Construction in the Economy

…a technique that I’ve previously noted seems to provide a good proxy for inflation expectations.) The relatively low interest rates of 1992-94 did not spark a major housing boom, and…

Excessive Liquidity

…even as the economic recovery has gained strength. (I used the average inflation rate over the previous 24 months to proxy for 10-year inflation expectations, and the close correspondence with…