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"The Inflation Cult": The Broad Appeal Of Prophets Whose Prophecies Keep Failing

Wish I’d said that! Earlier this week, Jesse Eisinger of ProPublica, writing on The Times’s DealBook blog, compared people who keep predicting runaway inflation to “true believers whose faith in a predicted apocalypse persists even after it fails to materialize.” Indeed. 773 more words

Republicans

No action from CBs, back to long carry positions...

The last updates we had from the BoE (Quarterly Inflation Report) and the last disappointing US figures showed clearly that the two major CBs (Fed and BoE) are not ready to tighten. 142 more words

Global Macro

No, America Is Not Turning Libertarian.............

No, America Is Not Turning Libertarian

New York Magazine ^ | August 7, 2014 | Jonathan ChaitPosted on 8/7/2014, 7:30:50 PM by nickcarraway

Barack Obama… 248 more words

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