http://teodesian.net//posts/7f338eda-13f3-11ec-bdd7-8c7e5eb0ffd7?format=xml teodesian.net : /posts/7f338eda-13f3-11ec-bdd7-8c7e5eb0ffd7 en 2026-05-05T00:38:15 2026-05-05T00:38:15 /favicon.ico http://teodesian.net 32 32 teodesian.net favicon http://teodesian.net/posts/7f338eda-13f3-11ec-bdd7-8c7e5eb0ffd7 If you believe their statements, anyhow. That said, the FED will torture the data until it does what they want it to, so I suspect Wenzel's analysis of the bureaucrat mind is probably solid. Of course, they still have an upper bound of 3% being the point at which the USG is instantaneously insolvent, so don't expect anything more than a few bp, which is close to meaningless. That is, unless the entire goal is a controlled demolition of the economy...]]> nobody http://teodesian.net/posts/7f338eda-13f3-11ec-bdd7-8c7e5eb0ffd7 2015-05-11T05:05:57 http://teodesian.net/posts/1431320757 If you believe their statements, anyhow. That said, the FED will torture the data until it does what they want it to, so I suspect Wenzel's analysis of the bureaucrat mind is probably solid. Of course, they still have an upper bound of 3% being the point at which the USG is instantaneously insolvent, so don't expect anything more than a few bp, which is close to meaningless. That is, unless the entire goal is a controlled demolition of the economy...]]> nobody http://teodesian.net/posts/1431320757 2015-05-11T05:05:57