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The Fed on the dollar
Sunday, November 11, 2007
A widespread belief exists amongst dismal scientists that there is very little pass-through from a weaker dollar to higher prices for imported goods (10 percent according to one study) - that thinking is about to be put to the test. Courtesy of StockMania! - here's Ben:
It's too bad Ron Paul didn't ask that question.ooo
This week's cartoon from The Economist:
Maybe more later from the Economist - there was an interesting Buttonwood column this week about gold bugs.
3 comments:
If inflation is beginning to stir more in Britain
http://news.bbc.co.uk/1/hi/business/7090391.stm
and yet the GBP has been rising against the USD, it's hard to see that the USA will avoid inflation.
I do beg your pardon. Apparently in Britain "Higher energy and food prices (are) the most likely sources": since they don't appear in US inflation calculations, you'll be all right after all. Won't you?
Wide spread as in the Harvard Economics department and the writers in new york dined by Goldman Sachs.
Every other economist in the world has been playing the currency/inflation game forever.
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