The Variant Perception Blog

Share this post
The Ghost of Arthur Burns
blog.variantperception.com

The Ghost of Arthur Burns

VP Research
Jun 24, 2021
Share this post
The Ghost of Arthur Burns
blog.variantperception.com

Following the FOMC meeting last week and Fed officials speeches this week, the message to markets is clear: currently high inflation is transitory.  We invert the problem and ask: what if it's not transitory and what might this look like? Stephen Roach, who served on the research staff of the Federal Reserve Board during the 1970s inflation episode, explores the thinking at the time in his insightful article, The Ghost of Arthur Burns.

Source: Bloomberg, Macrobond, Variant Perception

‍The Ghost of Arthur Burns article can be found here: https://www.project-syndicate.org/commentary/fed-sanguine-inflation-view-recalls-arthur-burns-by-stephen-s-roach-2021-05

Share this post
The Ghost of Arthur Burns
blog.variantperception.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 VP Research Inc.
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing