Kotok Quick Take: Central Bank Attacks – Raising Our Voices, Tillis, Thune, & Warsh

Fishing was great, weather warm; there was one rainy day. Intense, robust conversation with diverse views and collegial discourse was the daily norm.

I’m sending this note while at the annual Camp Kotok gathering in Maine. It has been quite a week.

Even as wide swathes of American life have fallen victim to culture wars, higher education was seen as immune. Until now.

Chris Whalen and I talked at some length recently about what US credit default swaps denominated in the euro can tell us about default risk and whether it’s a good idea now to hold some gold.