WSJ Econoblog: Reasons to Pout?

Yesterday, Brian Wesbury and I did the full econoblog thang for the WSJ.

You may recall Brian penned the "Pouting Pundits of Pessimism" piece for the Journal’s Op-Ed page (discussed previously here).

It was a lot of fun; Brian’s a good guy — he’s a lot more Bullish than I, and think’s the economy is hunky dory –  but at least he’s a realist when it comes to inflation.

The whole discussion is on line in their public section here; I think we lay out both sides of the debate fairly well.

Special thanks to Calculated Risk for the chart!

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Source:
ECONOBLOG: Reasons to Pout?
WSJ, January 6, 2006
http://online.wsj.com/public/article/SB113639173784337602.html

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Here’s the WSJ Market Scorecard for 2005:   

"U.S. stocks took a backseat in 2005. Big gains in oil and gold drove commodities prices to a second-straight banner year, while the Fed’s faithful campaign to raise interest rates made bond yields the talk of Wall Street. Here is a scorecard for major financial-market indicators:"

The graphs are actually too wide for my layout, so they require a 2nd click . . .

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