Old bugger still has his fastball, apparently…

Here’s the latest from a talk in Washington:

  • Doesn’t think gold is a potential bubble
  • Gold buyers thing inflation is an inevitable outcome (a view he apparently endorses if he does not see a bubble)
  • US needs US home-ownership rate to stop declining
  • Remarkable growth in output per hour

EUR/USD is following yesterday’s script: opening form with equities and then giving ground from there…