A working paper exploring the idea that information equilibrium between an information source and an information destination is a general principle for understanding the micro- and macroeconomic allocation problem. [Here] is a first draft.
Tuesday, November 15, 2016
The surge in the 10-year rate
That was quite a surge in the 10-year rate after the election, however it's still consistent with the error bands I put forward in 2015:
The Blue Chip Economic Indicators (BCEI) continues to be incorrect.
Update 17 January 2017
That surge is starting to look transient ... stay tuned: