Is That Really a Reason To Be Bearish? Polemic Monday, November 18, 2013 75 Comments Polemic Calling asset prices a bubble explicitly, or implicitly as a function of the Fed’s large balance sheet, is fairly popular these days. Mar... Read More
The Fed's Bubble Solution. Polemic Thursday, November 07, 2013 57 Comments Polemic So I buy an apple for a buck from you but I sell it back to you for 2 bucks. I Have 2 bucks and you have a 2 buck apple. You sell that ... Read More