17 September 2012

The Fed Is Worried That You Might Be Worried About Uncertainty


"Source: Thomson Reuters/University of Michigan Surveys of Consumers and Bloomberg" is what my source (the SF Fed paper) says

When you are in the business of buying and selling volatility you can get sort of cynical about whether volatility is a thing, and whether it is appropriate to buy and sell it. We talked earlier today about the fact that if you have a client who doesn't care about something valuable…

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