tag:blogger.com,1999:blog-6616959642391988608.post7572833469637150175..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: 5-yr Treasury yields and inflationScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-1028587579419568382012-02-01T22:36:56.704-08:002012-02-01T22:36:56.704-08:00----
absent CB intervention...----<br />absent CB intervention...PerformanceSpeaksForItselfhttps://www.blogger.com/profile/02710385857829942329noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76932430531952833312012-02-01T22:35:33.406-08:002012-02-01T22:35:33.406-08:00Scott:
You state that Treasury yields are as low a...Scott:<br />You state that Treasury yields are as low as they are (below inflation) because of demand from Europe for safe-haven assets. Doesn't that necessarily mean a resolution of the euro-crisis leads to a beginning of one here (or in Japan)?PerformanceSpeaksForItselfhttps://www.blogger.com/profile/02710385857829942329noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40453372370219478642012-02-01T18:57:29.975-08:002012-02-01T18:57:29.975-08:00Scott--
Not sure if the dollar is "cheap&quo...Scott--<br /><br />Not sure if the dollar is "cheap" now or not. It is back to "lows" that prevailed towards the end of Bush jar's administration. Is that low? <br /><br />Or, is the dollar losing its traditional role as primary international reserve currency? Perhaps the dollar was artificially inflated for decades--it sure seemed that way whenever I traveled. <br /><Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24472700990321635032012-02-01T16:51:15.861-08:002012-02-01T16:51:15.861-08:00Benjamin: you've pointed right to the answer y...Benjamin: you've pointed right to the answer you have been seeking. The continued appreciation of the yen is good evidence that the BoJ is tight. By the same logic, the very weak state of the dollar is good evidence that the Fed is easy.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25172602369705221852012-02-01T11:58:54.042-08:002012-02-01T11:58:54.042-08:00Automotive News just reported that January car sal...Automotive News just reported that January car sales hit an SAAR of 14.2 million units, compared to 13.6 in November and December. This is huge.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69336422999550531232012-02-01T11:11:53.727-08:002012-02-01T11:11:53.727-08:00OT but funny:
McDonald's Drops Use of Gooey A...OT but funny:<br /><br />McDonald's Drops Use of Gooey Ammonia-Based 'Pink Slime' in Hamburger Meat<br />First Coast News - 53 minutes ago<br />McDonald's confirmed that it has eliminated the use of ammonium hydroxide - an ingredient in fertilizers, household cleaners and some roll-your-own explosives - in its hamburger meat.<br /><br />I think it is time to sell your McDonald&#Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-65098981845988165322012-02-01T10:39:44.473-08:002012-02-01T10:39:44.473-08:00"The explanation for why Treasury yields were..."The explanation for why Treasury yields were high relative to inflation in the 1980s and 1990s is simple: monetary policy was generally tight from 1979 through 2002."<br /><br />Not sure this premise holds water. Tight is relative of course.<br /><br />All through this period, inflation almost always ran between 2 percent and 6 percent annually. The USA economy generally boomed. <br Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-4240099604994966102012-02-01T10:30:52.601-08:002012-02-01T10:30:52.601-08:00What about core minus housing?What about core minus housing?Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.com