No Shock, A Bigger Theatrical Budget

By |2019-08-16T18:35:33-05:00August 16th, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

You have to understand, none of this is about money or even bonds. It is all intended for one thing and one thing only: expectations. This has been the fulfillment of Paul Krugman’s long-ago criticism. The way out is to shock the system, he said. It doesn’t even matter, by this theory, what you do. [...]