Politics and Technology.

Monday, March 9, 2009

The Corner Turned, again

Well, it seems I spoke too soon. The US Treasuries 2 year spread has, over the last four weeks, headed north again, this morning sitting at around 77.25. This upward trend has accelerated over the past two weeks.

Gee, I wonder what happened over the past two weeks to spook the markets so?

The pace of recovery will be tempered by how much the government muddles the natural tendency of markets to self-adjust. The government should be more concerned with cushioning the blow that market variance has on individuals rather than quixotically attempting to control that variance.

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