Introduction Last Friday, I wrote about That Stubborn Yield Curve in my Thoughts from the Frontline letter. In it, I quoted a few paragraphs by Pimco's Paul McCulley, but upon reflection, I feel that his whole letter is worthy of taking a look at more in-depth. Paul writes a monthly commentary, the...
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John Mauldin's Outside the Box
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John Mauldin
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10-30-2006
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Filed under: Housing, The Fed, GDP, Yield Curve, John Mauldin, Paul McCulley, Economic Forecast, Leverage, Inverted Yield Curve, Fed Funds Rate, Time-Varying
Introduction This week's letter is once again from two of my favorite economists, Van Hoisington and Dr. Lacy Hunt of Hoisington Investment Management Company in Austin, Texas. They specialize in management of fixed income portfolios for large institutional clients by setting long-term investment...