A Whiff Of Reflation - Part II
February 20, 2009 at 13:52 PM EST
The January reprieve is now official. Deciding if it’s also enduring is the question. For now, beggars can’t be choosy. Inflation at this juncture, however spare, is good news. Wholesale and consumer prices rose last month, as we expected they would. The deflation war isn’t over, but there’s reason to think that it can be won. [...]