Tom Keene

Should we get Jim Caron into trouble this morning?

Do you agree with the Posen-Orszag thesis of 4% inflation?

That's brilliant.

He's so trained by compliance.

I mean, he just absolutely nailed it.

Adam posted out on Twitter this morning recapitulating how we get to that worry of higher inflation.

The release, you will, the reaction function is through maybe a higher wage.

which we really haven't seen yet.

Well, that's a bet.

That's an outlier, as many people have said to us.

Jim Caron with us, and we'll stay with us with Morgan Stanley Investment Management as we go to the nation's inflation report, usually midweek.

It's on a Friday because of that brief government shutdown as well.

We'll give you the headline data, folks, but then we dive into it and give you the nuances we can on Bloomberg through the morning.

Jim Caron, this is Morgan Stanley.

I go to a weaker dollar out there, but some real churn in the market as well.

And we see it in Jim Caron's space, as they say, in the bond market.

Jim Caron with a 10-year yield, 4.07%, with a substantial move over the last two, three days.

Can you and Morgan Stanley model a 3.99% 10-year yield?

We welcome all of you across America.

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