About Paul McCulley
Paul McCulley is a contributor to Outside the Box.
All entries by Paul McCulley
A Kind Word for Inflation
Jun 24th, 2008 | By Paul McCulley | Category: Politics & EconomicsThis week’s Outside the Box will challenge a few of your base assumptions. Paul McCulley, the managing director at PIMCO, offers us a kind word for inflation and the reasons that the Fed will be on hold for a lot longer than the markets currently think. And part of that is to avoid a real recession or even a depression. Getting this debate right is important.