December 29, 2006

AFTER TWENTY-FIVE YEARS WITHOUT ANY YOU MIGHT NOTICE A TREND?:

One hard-to-rattle economy (Peter Robison, 12/29/06, Bloomberg News)

Inflation was the dog that didn't bite in 2006.

In a year of surprises — hurricanes that didn't hit, oil that didn't soar to $100 a barrel, a Republican majority in Congress that didn't hold — the non-arrival of inflation was the biggest non-event of all.

Money manager Robert Doll says he worried as recently as July that inflation would surge, triggering a meltdown in corporate earnings and pummeling U.S. markets.


Posted by Orrin Judd at December 29, 2006 1:52 PM
Comments for this post are closed.