tag:blogger.com,1999:blog-6616959642391988608.post6785026253315730905..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Interest rate spreads drive the dollarScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6616959642391988608.post-3146821577326960972015-12-02T17:13:38.876-08:002015-12-02T17:13:38.876-08:00Matt: I agree with much of what you say. For 35 ye...Matt: I agree with much of what you say. For 35 years we have heard that money is loose in America, and now we are on the cusp of deflation.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-64614490914701163062015-12-02T07:40:28.875-08:002015-12-02T07:40:28.875-08:00Benjamin: Add to your body of evidence that the Fe...Benjamin: Add to your body of evidence that the Fed is running a contractionary/deflationary policy the price action of gold and of commodities more generally. The gold chart if telling us that the Fed is too tight. The action is not reflective of something transitory - this is now a long term trend and the Fed seems blind to it. Scott and others will come back with long term charts showing Grechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28228409034439581902015-12-01T17:13:51.526-08:002015-12-01T17:13:51.526-08:00I stole this comment from Kevin Erdmann: the Fed w...I stole this comment from Kevin Erdmann: the Fed will be able to raise rates the way a kangaroo can fly.<br /><br />Time will tell.<br /><br />John Cochrane says raising rates will raise inflationary expectations, setting off an ugly feedback loop, possibly.<br /><br />As of now, the Fed could be said to be operating a contractionary policy. Think about it: the Fed is paying banks NOT to lend (Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com