Why Mindset Trumps Strategy Every Time

Another headline another reason for stocks to tank. Today its because some bullshit in Hong Kong. The major indexes are on the decline following last week’s crap shot. Pro-democracy protests in Hong Kong are spooking Wall Street in early trading Monday, as U.S. stocks continued their recent run…

THE monetary economics of a world in which interest rates are close to zero are not especially mysterious. Stimulating the economy at that point requires central banks to raise expected inflation. Disinflation, by contrast, results in passive tightening, since the central bank can’t lower its policy rate and since the …