David Michael

Watching TIPS, And Commodities Tips

John:

This is a great thought: "On a philosophical note it seems that the actions of our central bank and other major central banks are one more nail in the coffin of the era of bond market vigilanteism which began with Paul Volcker’s bold move to change the way the Federal Reserve operated in 1979."

It would be great if you could go into more detail in a future post, which would certainly enlighten those of us who weren't around during the previous shift in philosophy.