Disinflation
Oct
07
2015
Three Ds Are Ruining The Fed’s Little Plan
There are three Ds that are ruining the Fed’s little rate hike plan: the Dollar, Disinflation, and the Decline in wealth effect.
Jan
07
1998
What Is Flat Yield Curve Telling Us?
Long term rates are "normally" higher than short term rates to compensate investors for the likely risk that inflation will undermine the value of their bonds.