E-mails From Strategy

[InternetExplorer 2,609]

uncertainty

[FCP Bob 1,312]

Really interesting article from Daniel AlbertFour Factors Explain Why What We're Doing Isn't WorkingRead more: http://www.economonitor.com/danalperts2cents/2012/07/24/another-summer-of-discontent-the-four-factors-that-explain-why-what-were-doing-isnt-working/#ixzz21dKMaLwf

[InternetExplorer 2,609]

loading up on 30y debt at 3.5% is a really nice thought but I don't think it's realistic. the bid-to-cover on 30y is pretty solid but would cease to be if the government were to tweak their balancing just a little, I think. unfortunately most of it is shorter duration, which means we're going to get blasted over the course of the next decade if we're still >100% debt:gdp. it hurts, a lot, to struggle through this, but no matter what the government does, people are still going to be broke from the 2002-2006 sugar high. best-case improves our lot a little bit, worst-case makes the pain far worse and longer-lasting.audit the fed bill passes the housethe dem's response here is pretty much what I'd say. I tend to think the GAO is apolotical but this is the first step in making monetary policy subject to political whim. REALLY not a good thing, basically the opposite of what people like paul want.I asked one of my co-temps, a mid-30s woman, what her education was. "programming" she said. I asked what she was doing at an accounting shop with that background. "when I graduated, it was the dot com bubble, and the programming jobs went away." I mean, obvious, absurd, ridiculous excuse. this was like a month ago. I've been dwelling on it ever since, because **** if I don't see the similarities between her excuse and mine.

[FCP Bob 1,312]

The level of economic knowledge of the average Member of Congress is laughably low. The thought that they would set Monetary Policy is scary.

[InternetExplorer 2,609]

yeah, just watch one or two Q&A sessions when bernanke is testifying on the hill if you need evidence of this.