"Disciplined Systematic Global Macro Views" focuses on current economic and finance issues, changes in market structure and the hedge fund industry as well as how to be a better decision-maker in the global macro investment space.
Monday, June 16, 2008
Comment on inflation and toothpaste
Karl Otto Pohl, former president of the German Bundesbank, said "it's [inflation] like toothpaste. Once it gets out of the tube, it's very hard to put back". Inflation expectations are the key issue right now. The question is whether the price shocks that we have seen in the commodity markets will be converted into beliefs that inflation will rise around the world.
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