Archive for September 5th, 2013

John Cochrane Opines On The Next Fed Chair

The press mostly ¬†wants a soothsayer, who will foresee events the market does not see and calm the waters — in practice, ¬†basically operating the worlds largest contrarian hedge fund, or the commissariat of macroeconomic central planning. Such people don’t exist, so that’s a self-defeating job description. Let’s talk about reality. That’s John Cochrane introduction […]