The essence of the problem is that the war against inflation is over,. . . Ever since 1979 … - Paul McCulley

Same topic Authors

Quote of the day

Children who are brought up with one parent or another parent or shared parenthood, when there has been a divorce and hatred within families, it breeds a tremendous amount of instability in the life of a child. And many of these children end up in the homosexual movement. Even if they don't, they take so much baggage into their marriages, that they are unable sometimes, at least theoretically unable, to stand against all of the cultural forces that would disrupt them and their families.

Paul McCulley

The essence of the problem is that the war against inflation is over,. . . Ever since 1979 the Fed was fighting a war against inflation, and you always knew which way you wanted the inflation rate to go over the long run -- down.

1979, Fed, Fighting, Running, War, Way

Same Author Quotes

You don't get the attention of gluttons by starving anorexics.

Anorexics, Attention, Starving

The lion's share of the bear market is over,. . . It's a two-part issue. Yes, the marketplace could be nasty. But there's a great deal of nastiness that's already happened in the bond market.

Bear, Issues, Nastiness, Nasty, Two

The bond market is debating with itself what the intent of the Fed is. I don't think the Fed has a multi-step process. They are taking it step by step.

Bond, Market, Process, Steps, Think, Thinking

Rightly or wrongly, most Americans look at mortgage equity withdrawal as the closest thing to a free lunch.

Closest, Looks, Lunch, Thing, Withdrawal

Remember, benchmark performance -- beta -- can be had for virtually free; alpha is what active managers are paid to generate.

Beta, Managers, Paid, Performance, Performances, Remember