Tuesday, June 14, 2011

John Brynjolfsson on Bloomberg

New interview with John Brynjolfsson from Armored Wolf LLC on Bloomberg.

- Brynjo is still concerned about long-term inflationary pressures in the commodities and traded goods. In order to understand inflation, you can't just look at the US in isolation -- one needs to understand the dynamics of Emerging markets and Commodities.
- The Fed's focus on "core" keeps pressure off. Oil appears to be a counter-trend commodity and there's a real risk of an "air-pocket" or "collapse" due to oversupply from Saudi Arabia.
- He also thinks that the fed will keep their "extended period" language intact and 5 year treasuries could rally

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