"When I started to think about 2009, it wasn't events that came to mind but words and phrases: trite, overused words and phrases, such as "new normal," "unprecedented," and "exit strategy," writes Caroline Baum. "As a way of describing the U.S. economy, the new normal has merit. ObamaNation is looking at bigger government, more regulat
Interesting take on bond market action of late from Bloomberg's Caroline Baum, who asks, "Where are those gunslingers of yesteryear, ready at a moment's notice to assert themselves in the marketplace, challenge the Fed on its easy-money stance and punish the federal government for its profligate spending?" She offers five possible answers well worth a look.