Archive for the ‘New Posts’ Category

But Dad…The Bond Market Said I Could!

June 9th, 2011

The bond market is like the proverbial mama in the old adage, “If mama’s not happy, then nobody’s happy.” Ever since the Clinton years, when the bond vigilantes—investors who would demand crippling high returns if we failed to obey them—allegedly ruled, more policy than you’d like to think is deeply influenced by warnings of how… Read more

At Most, Half a Pinocchio

June 7th, 2011

The WaPo fact checker veered into heavy traffic today with a deeply misleading attack on statements recently made by President Obama about the benefits of the auto bailout. As I note below, you could object to the President’s emphasis on one point if you want to be churlish about it, but big picture: this restructuring… Read more