More touching than your faith in the Austrian school, eh, Heinz? :-)
1) So, you believe that as far as the OPEC goes, This Time It's Different? <VBG>
2) The debasement of the Yen will make the Japanese goods more competitive abroad. Japan is a net exporter, remember? Also, it will push prices higher, putting the threat of inflation in the picture, which is always so effective in making people go on a shopping spree. Which, BTW, is what the domestic Japanese economy needs.
3) You know, it's statements of ths sort by others that are always getting me into trouble in the Myth thread. First, Germany, the most important economy under the stewardship of the ECB is just coming out of a recession. And you see inflation in the EU!? Really, Heinz, I have to ask for data on that one ... please take no offense. Also, if the ECB doesn't raise rates in their next meeting, can I come back and remind you of your prediction? Since Def went ballistic, I am very afraid to remind people of their past wrong predictions.
4) Well, you said that productivity growth is going to be a thing of the past. Now are you changing your opinion and saying that while productivity growth will continue, it will not be enough to hold inflation down?
5) Technology's importance is under-estimated, Heinz, in the USA as compared to either Japan or the EU.
6) Re: Bond yields. In the face of today's PPI report, who IYO is buying bonds today!? The yield, I see, is 6.285% at present on the 30-year, and dropping.
7) As for gold, best wishes!
-BGR. |
