The New Abnormal

(1) Some hits and some misses for the New Normal. (2) Eight centuries of data can’t be wrong. (3) Scholars challenge Reinhart/Rogoff findings. (4) Seeking and finding the old normal in private-sector GDP and in profits. (5) Yellen favors “lower for longer.” (6) Fed seeks to promote “prudent risk-taking.” (7) For gold bugs, deflation is the new abnormal. (8) Dudley isn’t worried about inflation. (9) CPI inflation rates remain subdued in the G7.