Monthly Archives: April 2012

Reflective Coherence vs naive trend-following and conventional economic thinking

An author known as an evangelist for trend-following posted the following:- Caught this ominous line: “Two-thirds of all U.S. houses have mortgages. Of those, an estimated 21 to 29 percent of the mortgages are underwater, or up to 16 million … Continue reading

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Just how accountable are the inflation doves?

Our good friend over at Historinhas wrote a year ago expressing satisfaction at the presence of uber-doves on the Bank of England MPC.  Posen was quoted as saying the following:- “The Bank of England‘s leading dove has predicted that inflation … Continue reading

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