[jedberg]

> The exceptions tend to be metrics that require skin in the game to shift -- the yield curve inversion or S&P500 index

I agree with you on the S&P500, but isn't the yield curve fairly easily manipulated by the Federal Reserve and their rate setting activities?

[rossdavidh]

I think the idea is that would impact more than just the politics, it would actually impact the rate of interest banks and others pay, so there is incentive to disregard the politics at least to some degree.