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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.
Paul McCulley
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Paul McCulley
Age: 67
Born: 1957
Born: March 13
Author
Economist
Paul Allen McCulley
Running
Inflation
Problem
Feds
Ever
Rate
Wanted
Essence
Long
Knew
Way
Since
Always
Fighting
War
More quotes by Paul McCulley
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.
Paul McCulley
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Paul McCulley