An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Friday, June 14, 2013
Bill Gross — Which way for bonds? Mapping a path forward
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
Q: Can you explain what is happening in markets now?
ReplyDeleteGross: In 1980, the Federal Reserve....
???????????
He may as well be speaking in tongues...gibberish.
ReplyDeleteThis 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
ReplyDeleteDetroit Dan - Here's an oldy but goody I did that was inspired by Warren Mosler.
ReplyDelete08/05/11 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...
ReplyDeleteDD - Here you go.
ReplyDeletehttp://moslereconomics.com/2012/05/07/reuters-ed-rombach-on-us-vs-japan/
Got it! Thanks...
ReplyDelete