Jun 16, 2008

Kevin Duffy on the Fed's inflationary box

The Fed is attempting to thwart a deflating credit bubble with inflation, which to date has only lit a fuse under food and fuel prices. The best the Fed can do is to allow the inevitable deleveraging process to proceed without the meddling.

~ Kevin Duffy, Bearing Asset Management, "They Said What?," Barron's, June 16, 2008, by Robin Blumenthal

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