By Andrew Butter For more than two years students of Econ-101 have been chattering about how the irrefutable logic of the “insanity-of-America’s-money-printing and fiscal mismanagement” would cause yields on long-term US debt to skyrocket. One of the more flamboyant proponents of that theory was the author of The Black Swan, Nassim Taleb, who pronounced in February 2010: “So long as you see the picture of, what’s his name, Bernanke, and he still has that job, you gotta run to make sure that you are short” (Treasury bonds). That was over a year ago when the 10-Year was 3.7%….
***This is a preview. Please go to http://www.econmatters.com, or mobile reader http://bit.ly/dianchu-mobile for full content. ****
