Janet Yellen to be named Fed chair on Wednesday: White House (link)
Dr. Yellen is married to Dr. George Akerlof who wrote the wonderful paper The Market for Lemons which is about the asymmetry of information between used car dealers and their customers (and other things but you get the picture.)
So, as the very brilliant economists snuggle under the covers, can you imagine the chat about US Treasury’s?
I suspect the Chinese can.
Update: T-bill yield spikes to levels not seen since financial crisis
All shall be well, and all shall be well, and all manner of thing shall be well. commented analyst Julian of Norwich
Jay Currie 