The Value of the Bond Market as a Predictive Signal?

Eric Liu: One of the biggest names that's come up in reaction to jeff snider's interview last week was yours. And a lot of people are saying, wait a minute. Jeff is really telling us a story that banks heavily on the idea that the bond market is a really solid source of information. So what did you think of jeff's interview over all, and in general, this discussion about secular inflation? Which side of the debater you want? What do you think about the value of the bond market as a predictive signal?liu: I am more inte inflationist camp, and have been for the past couple of years. And i don't view bond