- How likely is it that the current trend toward disinflation will turn into actual inflation?
- What would make the consumer pull back from spending if there were ample money and credit available?
- In September, the Mortgage Bankers Association reported that mortgage delinquencies hit a twenty year high. To my surprise, the market did no respond much that day. Any thoughts?
- June 1’s Barron’s quotes Bridgewater Associates as saying, “Since the Fed first started easing, stock market prices are down 20%. Normally, 18 months after the Fed relaxes, the market is up 20%. The only time share prices have been down this long after the onset of Fed ease was 1930.” Do you think the analogy to 1930 as an implied harbinger to depression is valid?