Friday, January 16, 2015

James Bullard's Linear Trend Failure of the Day (Musical Tribute)

November 14, 2014
Does Low Inflation Justify a Zero Policy Rate?

Market-based measures of inflation expectations have declined to low levels in recent months, but rebounded since mid-October.


Click to enlarge.

ZIRP-a-Dee-Doo-Dah!



Source Data:
St. Louis Fed: Custom Chart

2 comments:

  1. I hope they embark on 17 straight rate hikes like they did starting in June, 2004. That worked out great!

    Looks like deflation has Bulltard by the horns.

    ReplyDelete