I could also use a basketball analogy as I believe he played hoops at the University of Kentucky.
Bunning wanted a better understanding of Ben's inversion comments from yesterday.
Bunning cited recent implications of an inverted curve and wanted to know why, other than market interest rates being lower, Ben feels a slowdown is not being signaled.
Ben cited low unemployment, strong retail sales and increased industrial production. The expansion is still on a solid track, Ben said.
Hopefully, behind closed doors, they are more in touch with why the curve is inverted than they are letting on in public.
As I recall, things in the economy looked very strong in late 2000 when the curve last inverted. I feel more and more conviction that this time will not be different but, as I often say, I will be happy to be wrong.