First, the headline...
I received startling news this week that an esteemed colleague had suffered a massive heart attack on Sunday. Only in his late forties, he'd apparently tip-toed on the precipice of eternity. The ICU nurses mentioned that when he'd arrived, it appeared to be a 90% chance-of-fatality case.
Published on March 4, 2009 at 7:16 pm One of the interesting effects of the turmoil in financial markets since September involves the level of implied inflation expectations embedded within the market prices for Treasury Notes and Bonds.