Wednesday, September 8, 2010

If Macroadvisors think convential wisdom is wrong

Then fix conventional wisdom.
Here they say conventional wisdom on the curve predicts a robust recovery, but their analysis does not.

The solution, thus, is to have the curve predict the probable future, make the curve a little flatter please and quit trying to fool us.

As Krugman says, we can't have it both ways.  

No comments: