I Told You So: “Handicapping Political Risk” Is The New “Central-Bank Watching”

On Wednesday, following the release of the Fed Minutes, I noted that commentators were jumping the gun with the hawkish headlines. I wasn't claiming to be clairvoyant. Rather, I was simply looking at the way the dollar and yields were behaving and comparing market moves to what I was seeing on the wires. It seemed to me as though everyone had already written their headlines and copy ahead of the Minutes, and instead of changing what they had written to fit what the market was trying to conv