Tuesday, June 10, 2014

Michael Shaoul on Bloomberg Businessweek

Bloomberg Businessweek - Michael Shaoul says inflation's coming to the US. And the big loser will be US retail.

If only there was some sort of... I dunno, a metal or something which you could buy to protect against increased US inflation.

There's also an interesting thing from the Bloomberg hosts about supply and demand in bonds. Which I guess would mean bond yields will stay low, despite what Shaoul says, whereupon you'd have inflation outstripping bond yields.


  1. Ah, inflation's finally coming. Wages are going up, then?

    1. That's his argument, not mine. He says the Fed is underestimating slack.

      FWIW I still think it's fucking arrogant to second-guess the Fed.