Monday, July 5, 2010

Inflation much?

Heh.  Republican Minority Whip Eric Cantor made a market bet last December, shorting the 20 year US Bond.

I think he was listening in too much on the rhetoric of hyper inflation, which has gone back all the way to October 2008, but had continued all the way through 2009.

So far, it's been a bad bet, as indicated by the lowering yield rates, and flat consumer prices.

Just curious though...isn't it there some sort of ethical issue, when a lawmaker can make market bets while attempting to influence economic policy and fear-mongering to drive the market?

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