Bernanke is probably the best qualified ... He is very well known for his inflation targeting and that, I think, is the biggest change that most people see between the two governors. |
The bond market doesn't like this post-Rita reaction. That's what started it today. |
The data on the real side of the economy supports rate hikes. |
The speculators had driven this inversion, and suddenly a couple of weeks ago it started to go into reverse and it's just now accelerating at a very rapid pace and I think that's all it is. |
There's talk of an earthquake in the Gulf of California. This is pushing bonds up. |
We're seeing a little bit of upward pressure on inflation but it's not yet enough to spark a big concern in the market. |