Tom, it appears to me that your observations are very biased and are not consistent with my observations of the facts. You seem only to credit academics' interpretations, and to only credit those market reactions that suit your argument. I am not nearly the close observer that you may be, but it appears to my less complete observation that the market has responded positively to Warsh and his commentary, as observed in the fullness of days following the presentation, and not limited to a possibly reactionary immediate reaction by possible special interests in the immediate aftermath.
In my judgment, the generalization is justified to view academia as biased, with the result that there is a predictable academic perspective that does not necessarily depend on factual analysis. I think the market-----in the final analysis, after it reflects all the various distortions----is a far better interpreter.
It is true that, “none favorably” referred to opinions about the press conference. The immediate market reaction was to the increae in the 30-yer bond rate. Yes thinks can change.
Was there anything specific about MY opinions you disagreed with?
Tom, it appears to me that your observations are very biased and are not consistent with my observations of the facts. You seem only to credit academics' interpretations, and to only credit those market reactions that suit your argument. I am not nearly the close observer that you may be, but it appears to my less complete observation that the market has responded positively to Warsh and his commentary, as observed in the fullness of days following the presentation, and not limited to a possibly reactionary immediate reaction by possible special interests in the immediate aftermath.
In my judgment, the generalization is justified to view academia as biased, with the result that there is a predictable academic perspective that does not necessarily depend on factual analysis. I think the market-----in the final analysis, after it reflects all the various distortions----is a far better interpreter.
Time will tell.
It is true that, “none favorably” referred to opinions about the press conference. The immediate market reaction was to the increae in the 30-yer bond rate. Yes thinks can change.
Was there anything specific about MY opinions you disagreed with?