John Taylor responds to Bernanke's Jackson Hole remarks (WSJ)
-Personally, I think that Mr. Taylor is right. And I would bet that Mr. Bernanke agrees with him as well - interest rates were held too low for too long. But as THE wielder of monetary policy in this country, Mr. Bernanke is not allowed to be fallible. Ex post he cannot be wrong, so I can see why he chose to defend his policies 2002-05 at the summer conference in Jackson Hole.
What would be the effect of the Fed discontinuing its purchase of MBS? (Calculated Risk)
The economics of virtual worlds (The Walrus) with a hearty hat-tip to Marginal Revolution
I'm not a technical guy, but I like reading their narratives:
Here is a write-up of a new pattern that has been occuring lately (InvestingwithOptions)
About Demand Equilibrium!'s author
- J. Daniel Wright
- I'm a budget analyst in Washington, D.C. This blog has a number of purposes: I use this blog to have a historical, electronic record of my financial/economic readings. Another purpose is to write about current economic, financial, investment, and market data while developing my writing style and voice. Finally, I try to spice it up by throwing in humorous cartoons, pictures, and haikus. I hope you enjoy.
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