Have a look at our two friends David Beckworth and Scott Sumner talking in Washington DC – see here.

Just back from two weeks of vacation in Malaysia – it is healthy to get away from the markets for a sometime, but I will be back to traveling soon again. Friday I will be in Stockholm talking about monetary policy failure to hedge funds and next week I will be back in Iceland on the invitation of the Icelandic bank Islandsbanki. So it is back to work…