The November 4, 2010 Financial Times reports on an emerging backlash against the Federal Reserve's plan for "quantative easing" which is essentially a plan to inflate the money supply to restore the economy. Okay, I understand their desire, and their fear of deflation. But once you get started down that path, it is not easy to get the horses back in the barn. Of course, economists at the Fed have such a great recent history on handling economic decisions, don't they?
I've been doing some data analysis on Treasury yield curves in recent decades, in the hopes of making sensible investment decisions--and the data absolutely shocks and terrifies me. I'll be writing an article based on it shortly. In the meantime, remember the only great line from The Fly remake with Jeff Goldblum. "Be afraid. Be very afraid."