QE2
Today’s Wall Street Journal includes yet another confused article about U.S. monetary policy. Let’s briefly review what’s under discussion before dealing with the Journal’s issues. Fed chairman Ben...
View ArticleReal Yields Turn Positive on 10-year TIPS
On January 18, real yields turned positive on 10-year TIPS. Markets are possibly getting a bit more optimistic. Here are a couple of representative real yield curves. Essentially, during the last...
View ArticlePaul Krugman: Return Your Nobel Prize
Bernanke In Space I call on Paul Krugman: return his Nobel Prize in economics. My request is based on his article in the April 29 New York Times magazine. Titled “Earth to Ben Bernanke,” the article...
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