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IF FIXED income investors have a mantra, it must be "high inflation bad, low inflation good".
In the world according to the WSJ, low taxes are good (unless the people involved are low income lucky duckies), regulation bad, low inflation good, low interest rates bad, strong dollar good — and don't ask why.
May 20 , 2014Reaction to follow.... 7.34am BST Coming up; M&S figures and UK inflation Good morning, and welcome to our rolling coverage of the financial markets, the world economy, business and the eurozone.
Sidebars: The Importance of a Strong Dollar The Cost of Inflation Good As Gold?
Sidebars: Higher Oil Prices Weren't Caused by Supply & Demand The Cost of Inflation Good As Gold?
Think pieces no more than a month old projected normalized GDP momentum, rising interest rates, some inflation, good corporate earnings and a recovery in personal consumption expenditures.
Similar(47)
"Good news on inflation is good news for investors.
Yet a financial bubble can inflate even when inflation in goods and services remains low.
Yet modern central banks favour low but positive inflation for good reason.
"I've always said that a little inflation is good," Richard A. Galanti, Costco's chief financial officer, said in December 2008.
"If wages can rise, then the return to inflation is good news," Nicholas Smith, Japan strategist at CLSA Asia-Pacific Markets, wrote in a recent research note.
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