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Tag Archives: inflation
Inflation is in the Rear-View Mirror
Inflation is in the Rear-View Mirror 43 percent of credit card holders carry a balance. Delinquencies are rising. It’s a deflationary debt trap. Revolving Credit Hits New Record High In December, revolving debt has topped the previous high-water mark of $1.021 trillion set in April of 2008. Debt as of December 2017 (the latest available) […]
An Apocalyptic Paul Tudor Jones Warns The Fed Is About To Lose Control
An Apocalyptic Paul Tudor Jones Warns The Fed Is About To Lose Control In a striking interview with Goldman’s Allison Nathan, legendary trader Paul Tudor Jones argues that US inflation is set to accelerate sharply, making bonds a very poor investment, and that the Fed must act swiftly to tackle financial bubbles created by prolonged […]
The Status Quo Will Reign
The Status Quo Will Reign This month’s stock market correction is still fresh in everyone’s mind. Many have even begun to wonder if the era of dark money was truly over. How will the recent correction affect the Fed’s dark money policies? The consensus explanation for the correction was that inflation was rising and that would […]
The Fed Should Be Careful What It Wishes For
SAUL LOEB/AFP/Getty Images The Fed Should Be Careful What It Wishes For Major central banks’ fixation on inflation betrays a guilty conscience for serially falling short of their targets. It also raises the risk that in fighting the last war, they will be poorly prepared for the next – the battle against too-high inflation. CAMBRIDGE […]
Mnuchin’s Wrong: Here’s Why Investors Should Be Very Worried About Inflation
Mnuchin’s Wrong: Here’s Why Investors Should Be Very Worried About Inflation Despite Treasury Secretary Steven Mnuchin’s bizarre insistence that there’s no connection between consumer-price inflation and rising energy prices and wages, these factors – plus a spate of others – are forcing some food companies to consider raising prices on goods from chicken to cereal, […]
Inflation Coming? How About Deflation?
Inflation Coming? How About Deflation? Economists expect higher inflation based on rising producer prices. But will producer prices feed consumer prices? When? Do producer prices eventually feed into consumer prices? If so, what’s the lead or lag time? The Wall Street Journal article Why the Inflation Picture Looks Starkly Different for Businesses and Consumers got […]
A Roman Lesson on Inflation
A ROMAN LESSON ON INFLATION “While it is the duty of the citizen to support the state, it is not the duty of the state to support the citizen” – President Grover Cleveland The point President Cleveland made back in the 1880s was that individuals and vested interests had no rights to preferential treatment by a […]
Surging Freight Costs Fire Up Inflation Fears
Surging Freight Costs Fire Up Inflation Fears “Pricing power has erupted…” The transportation industry, particularly trucking, has benefited from the rise in retail spending in the fourth quarter and in much of 2017. The surge in e-commerce with all the transportation challenges it brings along has been a boon for the industry. Shipments have soared, […]
Laughable FOMC Statements on Phillips Curve, Inflation Expectations
Laughable FOMC Statements on Phillips Curve, Inflation Expectations The Jan 30-31 FOMC minutes were published today. In addition to the usual drivel came laughable Phillips Curve nonsense. The Fed released its January 30-31 FOMC Meeting Minutes today. The minutes were a combination of the usual drivel about the economy plus some downright laughable comments on […]
Calm Before The Inflationary Storm
Calm Before The Inflationary Storm The economy has been showing great gains, and that positive trend is fueling fears of a surge in inflation. The Consumer Price Index, the key predictor of inflationary trends, rose .05 percent in January, which greatly exceeded the anticipated rise of 0.2 percent. The market reacted as expected as stocks […]
Do You Believe in BLS Unicorns
DO YOU BELIEVE IN BLS UNICORNS? The chart below says there has been 55.6% inflation over the last 20 years. That is just less than a 2.4% annual level of inflation. What a load of bullshit. Let’s look at a couple of categories listed below and do a smell test. Everyone knows the prices of […]
How the Fed’s Inflation Policies Crucify Workers in Pictures
How the Fed’s Inflation Policies Crucify Workers in Pictures Every month, pundits comment on average wages. But median wages best explain how the Fed’s policies crucify workers. The meme of the day is wage growth is accelerating. I disputed that notion on February 7, in Acceleration in Wage Growth is a Statistical Mirage. On February […]
An Inflation Indicator to Watch, Part 1
An Inflation Indicator to Watch, Part 1 “Inflation is always and everywhere a monetary phenomenon.” —Milton Friedman Have you ever questioned Milton Friedman’s famous claim about inflation? Ever heard anyone else question it? Unless you read obscure stuff written for the academic community, you’re probably not used to Friedman’s quote being challenged. And that’s despite […]
Swan Song Of The Central Bankers, Part 4: The Folly Of 2.00% Inflation Targeting
Swan Song Of The Central Bankers, Part 4: The Folly Of 2.00% Inflation Targeting The dirty secret of Keynesian central banking is that under current circumstances its interventions have almost no impact on its famous dual mandate—-stable prices and full employment on main street. That’s because goods and services inflation is a melded consequence of global central […]
