tag:blogger.com,1999:blog-7585635149883470944.post8361262912666003641..comments2023-12-01T14:09:28.947+00:00Comments on Polemic's Pains: Europe - The tide is coming in. Bunds may submerge. Polemichttp://www.blogger.com/profile/05985506596290073453noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7585635149883470944.post-35589191432277014302015-02-20T09:23:26.347+00:002015-02-20T09:23:26.347+00:00Anon ( though obv a MM reader) nice ref to FM.
I...Anon ( though obv a MM reader) nice ref to FM. <br />I do get your point but I suppose that CPi is backward looking and I am expecting growth pick up and commodity creep up to impact the cpi side of the equation. Problem is cpi lags on passthrough and then on reporting and then CB action lags that. Feel that the first elements of change are entering the start of that pass through pipeline.Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-7585635149883470944.post-71684602609452691472015-02-19T21:27:38.491+00:002015-02-19T21:27:38.491+00:00Bunds do feel ridiculous, but cpi adjusted the rea...Bunds do feel ridiculous, but cpi adjusted the real yields have got space to fall further, contrast with japan or even switzerland. I realize this is econometric data fiddling, but if cpi is their alleged target, then it is an eventuality that must be considered...and no I am not funny money's fixed income cousin!Anonymousnoreply@blogger.com