Not So Nifty Fifty-Fifty
We're at the point of maximum electoral uncertainty -- and it may continue until well after the election.
We're at the point of maximum electoral uncertainty -- and it may continue until well after the election.
Today's pessimism is due more to media bias than to economic fundamentals.
Or is oil all about President George W. Bush?
The controversy over Olympic gymnastic gold may be a precursor of another contested presidential election.
Does misplaced economic pessimism explain mispriced bonds?
The markets and the economy may finally be getting visibility on a Bush victory.
Hardly. Politicized pessimism notwithstanding, animal spirits are very much alive and well.
At these yields, the bond market needs the FOMC to be a lot gloomier than it's likely to be.
How come markets haven't rallied as much as George Bush has?