The Fed’s Fake News: Inflation Risks. Buy bonds!

Quotable

“We know from chaos theory that even if you had a perfect model of the world, you'd need infinite precision in order to predict future events. With sociopolitical or economic phenomena, we don't have anything like that.”

--Nassim Nicholas Taleb

Commentary & Analysis

The Fed’s Fake News: Inflation Risks. Buy bonds! 

It’s an interesting aspect of the human condition—clinging to our views despite the fact reality has already invalidated them.  The Federal Open Market Committee seems to have this characteristic firmly embedded in its DNA....Read More

Comment