Elsewhere on Monday:
- How complexity affects trading behaviour
- SEC wants securitisation made easy
- Should we listen to El-Erian?
- Justin Fox talks efficient market theory, flash crash
- Lies, damn lies, and economists
- 220-year bull market in bonds
- New database on the maturity structure of publicly-held debt
- Possible reasons why the Fed isn’t inflating
- Don’t worry about a bubble in government bonds
- Why monetary policy should target rising asset prices
- Further, further reading