...Its starting point is with the stickiness of inflation, despite the
lengthy period of very high joblessness.
Thus, states the IMF, “we find a
dog that did not bark”. ...
- "How central banks beat deflation", FT April 16, 2013
From a February post commenting on a move (actually the failure to move) in natural gas:
...Three months ago you'd have seen a 10 cent up-move. Now as in Sherlock Holmes' "Silver Blaze" adventure:
- Gregory (Scotland Yard detective): "Is there any other point to which you would wish to draw my attention?"
- Holmes: "To the curious incident of the dog in the night-time."
- Gregory: "The dog did nothing in the night-time."
- Holmes: "That was the curious incident." ...
