The Big Inflation Scare
Quote:
Suddenly it seems as if everyone is talking about inflation. Stern opinion pieces warn that hyperinflation is just around the corner. And markets may be heeding these warnings: Interest rates on long-term government bonds are up, with fear of future inflation one possible reason for the interest-rate spike.
But does the big inflation scare make any sense? Basically, no — with one caveat I’ll get to later. And I suspect that the scare is at least partly about politics rather than economics.
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http://www.nytimes.com/2009/05/29/op...ml?ref=opinion
Hopefully this view will turn out to be correct...
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I like my perspectives like I like my baseball caps: one size fits all.
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