Montana Columnist Brings Out the Old Yield Curve Argument
A couple more down days, & everyone might be ready for negative economic growth!
Greenspan's conundrum becomes Bernanke's predicament.
The previous fed chairman expressed surprise at the fact that multiple rate hikes had failed to create an increase in longer term borrowing rates. The current fed chairman is faced with an inflationary environment that requires further interest rate increases, although asset prices have already been brought under control.
Robust economic growth world wide, however, does imply that a soft landing could still be in the cards.
Who's making money these days? The volatility traders probably are, check out the VIX.
Forbes Article via Yahoo
Greenspan's conundrum becomes Bernanke's predicament.
The previous fed chairman expressed surprise at the fact that multiple rate hikes had failed to create an increase in longer term borrowing rates. The current fed chairman is faced with an inflationary environment that requires further interest rate increases, although asset prices have already been brought under control.
Robust economic growth world wide, however, does imply that a soft landing could still be in the cards.
Who's making money these days? The volatility traders probably are, check out the VIX.
Forbes Article via Yahoo
