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The contrarian addiction

…protects the public from food-borne illnesses. It issues nutritional advice and drug labeling guidelines. It polices false medical claims on packaging and in advertisements. It safeguards about one in every…

More on Gagnon

I have been trying to write a post on what could be achieved by Fed purchases of agency issued MBS. My only new point is that the MBS price that…

Limited tricks, monolines, municipal bonds…

…the world worried that the Fed was running out of ammunition and would soon have to turn to unconventional tools. Now, in 2008, it’s worth asking if the Fed could…

Accurate reporting

Lifted from an e-mail from reader Jack (http://angrybearblog.strategydemo.com/2013/12/20391.html#comments): (attribution corrected…irony comes to mind) Compare Fujita’s conclusion from the Fed paper, here http://philadelphiafed.org/research-and-data/publications/research-rap/2013/on-the-causes-of-declines-in-the-labor-force-participation-rate.pdf#page=7, with da Costa’s description in the WSJ. da…