Bond bulls are pummeled by evidence of reaccelerating growth, and grasp at statistical straws of supposedly benign inflation.
David Gitlitz
Retail No Relief for Economic Bears
Friday, May 11, 2007
Bonds have realized that the Fed isn't watching retails sales -- it's watching jobs.
Growth Returns in the Spring
Thursday, May 3, 2007
After a dreary winter, the economic bears may have to stay in hibernation.
Soft Where?
Friday, April 27, 2007
There's still no evidence whatsoever of housing contagion, and lots more evidence of inflation.
March Madness
Wednesday, April 18, 2007
Bonds bulls will seize on anything -- even inflation statistics distorted by NCAA basketball.
Of Two Minds
Thursday, April 12, 2007
Bernanke used to think low inflation was consistent with steady growth -- now it seems he can't decide between them.
Both Sides Now
Wednesday, March 28, 2007
Bernanke makes it crystal clear there are risks to both growth and inflation -- leaving inflation "predominant."
On Second Thought...
Friday, March 23, 2007
After Wednesday's knee-jerk reaction to the FOMC statement, a clearer appraisal.
What Would Say Say?
Thursday, March 15, 2007
We're certain the 19th century economic prophet would be unperturbed by the current panic in subprime lending.