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Mish's Global Economic Trend Analysis is the #1 Blogger for Ben Bernanke
The chart shows the negative consumer prices as measured by CS-CPI. Those watching the CS-CPI have not been shocked by the dramatic plunge in long term interest rates. Those woodenly following CPI-U preaching about negative real interest rates have been barking up the wrong tree.
Last month, Senator Jeff Merkley (D-OR) was the sole Democrat on the Banking Committee to vote against reconfirming Ben Bernanke as Chairman of the Federal Reserve. The good news is that more Democrats have come out to oppose Bernanke. The bad news is that more Democrats have come out in sup...
Mon, Jan 25 | from The Left Coaster