Morgan Stanley Archive

Bloomberg: Inflation weakening some currencies

[Skip to the end] Interesting how reports of higher inflation have often meant stronger currencies in the short run due to higher anticipated rates from the CB. Inflation, however, by definition means the currency buys less of most everything; therefore, inflation and a weakening currency are one and the same. But it ...Read More

Re: Roach-Stagflation

[Skip to the end] (an email exchange) A few of things: First, the rising wages in the 70’s led to bracket creep that put the budget in surplus in 1979 and resulted in a severe recession soon after. This time around it is unlikely the inflation takes much of a dent out ...Read More