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Ignoring Gross, I think that bond yields are headed back down, and bond prices headed up. Here's a paper from the Boston Fed that indicates we're on the Japanese path (continuing disinflation and perhaps outright deflation): http://www.bos.frb.org/economic/wp/wp2011/wp1117.pdf
7 comments:
Q: Can you explain what is happening in markets now?
Gross: In 1980, the Federal Reserve....
???????????
He may as well be speaking in tongues...gibberish.
This to me is a guy that looks at a car and sees a hamster wheel under the hood in his mind.
Time to make these people persona non grata.
Ignoring Gross, I think that bond yields are headed back down, and bond prices headed up. Here's a paper from the Boston Fed that indicates we're on the Japanese path (continuing disinflation and perhaps outright deflation): http://www.bos.frb.org/economic/wp/wp2011/wp1117.pdf
Detroit Dan - Here's an oldy but goody I did that was inspired by Warren Mosler.
08/05/11 US economic path more like Japan than Greece, Rombach says… http://reut.rs/qWH59rDetroit
Rombach Report -- Your link doesn't seem to work for me. I'll be interested in seeing your post if possible...
DD - Here you go.
http://moslereconomics.com/2012/05/07/reuters-ed-rombach-on-us-vs-japan/
Got it! Thanks...
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