Reporting on transactions is difficult. Time is short and deadlines are tight. Much of the information one needs is available, but you rarely get to look under the hood. In some respects, transparency has not met everyone’s expectations. It does not allow you to read minds nor has it broken the SEC’s code of silence. And, finally it does not preclude misinformation, under the guise of “market talk.” It is difficult to correct misperceptions, while, hindsight, on the other hand, is always 20-20.
This is only an excerpt of Strategic Choice – The Public Debt Award U.S.
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