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

On Woodford in Wyoming

I’m feeling lonely out on this limb, but I think I will defend Bernanke and criticize Woodford ((and admit I only read the concluding section and the first two sections on foreward guidance of his talk) *.pdf but no warning. Open it).  Medium and long term Treasury rates are extraordinarily low.  It seems to me that […]