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Ivory Tower Academics, Inflation, and Kindness

MishTalk

And long-term rates are what matter for capital investment, which is key to increasing the economy’s growth potential and raising productivity.". From 1997-2000 the Fed ignored a major bubble in the stock market. From 2003-2006 the Fed ignored major bubbles in home prices, then commercial real estate. What Baum Left Out.

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"Treasury Bond Undervalued" Says Hoisington Second Quarter Review; Path to Fiscal Ruin

MishTalk

Readers of our letters are familiar with our long-standing assessment that the cause of slower growth is the overly indebted economy with too much non-productive debt. Rather than repairing its balance sheet by reducing debt, the U.S. treasury market. economy is starting to increase its leverage.