Along these lines, Marc Faber called Bernanke an outright lier
on inflation in a televised interview. Good call.
On housing, though, it's hard to see either the supply issues or
the psychological shift in attitudes towards owning -- both strong
& ongoing downward pressures on house prices -- being overcome
by higher interest rates. This area still looks quite
deflationary.
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Faber to Bernanke
10 year rates and TBT
Posted by lessarda on 4th of Feb 2011 at 04:29 pm
Along these lines, Marc Faber called Bernanke an outright lier on inflation in a televised interview. Good call.
On housing, though, it's hard to see either the supply issues or the psychological shift in attitudes towards owning -- both strong & ongoing downward pressures on house prices -- being overcome by higher interest rates. This area still looks quite deflationary.