Shackling the Bond Vigilantes In a world where pundits divide into those who think the federal government should be doing more to help the economy, and those who think it’s already done (way) too much, economist and New York Times columnist Paul Krugman lands squarely in the former camp. In fact, you might say that he is...Read More
Testing “the Bernanke Put”So, the Federal Reserve’s $1.25 trillion program to buy mortgage-backed securities officially ended yesterday. Next up: home buyer tax credits, scheduled to expire at the end of the month. But are the Fed — and U.S. Treasury — really done? In an era of too-big-too-fail, “the Bernanke put” (preceded by “the Greenspan...Read More