Some Observations and Ideas About Agriculture, Economics, and Policy
Monday, February 16, 2009
Treasury Yields Rise...Duh...
Read and carefully consider the impact of government borrowing. As I stated in a previous post, higher interest rates are a necessary consequence of all of this additional borrowing for "stimulus." Hope you locked in your mortgage rates...
I am the Larry Combest Endowed Chair of Agricultural Competitiveness at Texas Tech University and the Director of the Cotton Economics Research Institute. I specialize in behavioral economics, price analysis, trade and policy. My opinions expressed here are mine and not those of Texas Tech University.