The Treasury yield curve is at its steepest since February. That’s a widely recognized sign that the economy is set to strengthen. Researchers have recognized for years that the slope of the yield curve has proven itself a worthy leading indicator.
Daily Archives: December 20, 2010
MARKETS MAY FAIL, BUT THAT’S (THANKFULLY) THE EXCEPTION
Paul Krugman dispatches a new broadside against free market theory today in his New York Times column. The attack is anything but subtle. “Free-market fundamentalists have been wrong about everything…” Everything? Call me crazy, but I can think of one or two things that’s productive about free markets. I suspect that I’m not alone.