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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.


2 comments:

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

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    Replies
    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.

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