We are seeing Asian exports fall off a cliff. What’s bad news for Asia is good news for the American economy.
—David Sloan, a senior economist at 4Cast
following…
The combination of a global recession and the global credit crunch are causing worldwide trade to dry up. The worst part for the trade deficit will be here in the first half of the year.
—Jay Bryson, a global economist at Wachovia
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We are all the descendents of successful cooperators.
My work as a blogger, I explained, is rolling snowballs downhill. Some I create new; others I push along, adding a small measure of mass along the way.
My point: rolling snowballs is way different from building sites and transporting content. Not totally different, perhaps, but enough to fork the Web.
—Doc Searls
Inflation worldwide is going to surge in the years to come. On the supply side, issuance of the securities as a ratio of overall government debt is sharply declining…linkers look very attractive.
—Mickael Benhaim, Pictet in Geneva, $32b AUM
Inflation is driven historically by wages, and clearly if you have the unemployment rate rising, it begs the question where will you get inflation from. We’re projecting that there will be a global healing but that the recovery will be anemic.
—Chris Lupoli, executive director for global inflation-linked strategy at UBS AG in London
[CPI] could go back to 4 percent or even higher…[at least] the TIPS market is showing that we’re going back to trend inflation.
—Brian Weinstein, oversees $9 billion in inflation bonds at New York-based BlackRock
Pumping money into the system is very inflationary. TIPS will outperform.
—Kenneth Volpert, who oversees $180 billion in taxable bonds, including $14 billion in a TIPS fund, for Vanguard
I’m always “getting the whale.”
More Matt Helm Movies!
Recipe for Disaster: The Formula That Killed Wall Street
—Felix Salmon
China acquired its $2 trillion stash — turning the People’s Republic into the T-bills Republic — the same way Britain acquired its empire: in a fit of absence of mind.
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