On balance, the PPI report was positive, ... It doesn't show a further rise in inflation.

On balance, the PPI report was positive. It doesn't show a further rise in inflation.

This (next appointment) could be the one who tips the balance. If Bush nominates a strong proponent of inflation targeting, it would be a signal they want (that).

I don't think there's an inflation problem out there. We're very positive on equities.

You have to be positive on 10-year bonds when you expect lower inflation. I don't expect the Bank of Canada to raise rates at its next meeting because inflation is low and going lower.

A low inflation number is positive for bonds. It is possible that most of the tightening could be done.