Finding Opportunity Amid Volatility in Fixed Income
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Featured Commentary
The Fed Continues to Continue to Pretend
In his seminal work, The Best and the Brightest, David Halberstam wrote how rather than being dazzled by the extraordinary resumes of the Kennedy cabinet, then Vice President Johnson remarked he’d feel a whole lot better had just a single one of them ever run for something practical, such as local sheriff. There is no denying the erudition of the modern central banker, but practically speaking, a decade and more has passed since the financial crisis, and crisis era policies are not only still with us – they have been expanded.