Forgive me for not answering a question today, but posting a note about the Fed. Its decision last week: to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a…

Years ago, Saturday Night Live's Kevin Nealon debuted a character named "Mr. Subliminal" whom he still reprises. The gimmick: Nealon talks and then occasionally, under his breath, says what he's really thinking. In October, President Obama economic adviser Austan…

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