Like Nouriel Roubini whom I pointed out earlier, we see another deflationist throwing in the proverbial ‘towel’.
From ‘Fisherian’ John Mauldin,
It takes at least 12 months (or longer) for monetary policy to work its way into the economy. The current small rise in inflation is not due to QE2. That will show up later. It appears to me the deflation war, at least for the time being, is won (the next recession will bring that worry back). But now, it is time for the adults at the FOMC to stand up and say stop the printing presses.
More and more celebrity gurus appear to be capitulating.
No comments:
Post a Comment