How come markets haven't rallied as much as George Bush has?
At these yields, the bond market needs the FOMC to be a lot gloomier than it's likely to be.
Hardly. Politicized pessimism notwithstanding, animal spirits are very much alive and well.
The markets and the economy may finally be getting visibility on a Bush victory.
Does misplaced economic pessimism explain mispriced bonds?
The controversy over Olympic gymnastic gold may be a precursor of another contested presidential election.
Or is oil all about President George W. Bush?
Today's pessimism is due more to media bias than to economic fundamentals.
We're at the point of maximum electoral uncertainty -- and it may continue until well after the election.