Forbes Article On Hoisington's Deflationary Expectations

[Parsad]

Article at Forbes on Hoisington.  Cheers!

 

http://www.forbes.com/2009/07/20/economy-bonds-deflation-business-recovery.html

[valuecfa]

Very, very interesting.

 

Hoisington's view seem to run contrary to the popular opinion. Yet, more importantly, they run contrary to Bill Gross's and Warren Buffett's views of inflation. ???

[vinod1]

As PIMCO's Paul McCulley writes in this months commentary you can guess an economist's expectation of inflation vs deflection and what action should be taken, based on the economic theory he subscribes to. All we need is to identify if the economist belongs to Austrian or Monetarist or Keynesian school and there is no need to read the commentary as the arguments fall along the familiar pattern.

 

http://www.pimco.com/LeftNav/Featured+Market+Commentary/FF/2009/July+2009+Global+Central+Bank+Focus+McCulley.htm

 

Vinod