Jan

25

In the spirit of the Chair's effort to develop a taxonomy of market deception, I would like to offer a nuance.

Today's U.S. debt markets have sold off, despite weakish data, on vague reports of "a consultant" publishing a note claiming there's a risk that next week's FOMC statement will take note of economic strength.

Without cluttering up the list denoting just how silly/obvious this is, I suggest any rigorous categorization of market deception include "degree of ambiguity" as a parameter.


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