I think that Dr. Mark is saying that policy mistakes are actually a bigger issue than inflation itself.
The EuroZone issue is the real crisis – 3 minutes of outstanding summary by Mauldin where he tells me that Trichet should be told to “kiss off” that crazy is the new smart and that the Irish are the only ones crazy/smart enough to lead the charge to sanity – http://www.youtube.com/watch?v=8kLmupfC0MY
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I think that Dr. Mark is saying that policy mistakes are actually a bigger issue than inflation itself.
The EuroZone issue is the real crisis – 3 minutes of outstanding summary by Mauldin where he tells me that Trichet should be told to “kiss off” that crazy is the new smart and that the Irish are the only ones crazy/smart enough to lead the charge to sanity – http://www.youtube.com/watch?v=8kLmupfC0MY