Ignorance or Deceit, Yet Again

By |2014-04-16T16:25:40-04:00April 16th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

I may be a week late to the “most important chart in the world”, but it demands a rational response. I had thought that the commentary surrounding this week’s retail sales release was the height of rational expectations theory deception, but I was clearly wrong. In what is passing for analysis, some are proclaiming a recovery narrative based on the [...]