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Tag Archives: inflation
Weekly Commentary: End of an Era
Weekly Commentary: End of an Era Of the diverse strains of inflation, asset inflation is by far the most dangerous. A bout of consumer price inflation would be generally recognized as problematic and rectified through a tightening of monetary conditions. On the other hand, asset price inflation is both celebrated and venerated. There is simply […]
Dear Mario Draghi: About Your Victory Over Deflation Speech in March
Dear Mario Draghi: About Your Victory Over Deflation Speech in March In March, ECB President Mario Draghi declared victory over deflation. Let’s take a look at Eurozone inflation since his victory speech. On March 10, 2017, I reported ECB Declares Victory Over Deflation: Hallelujah! My lead-in comment was “ECB President Mario Draghi Declares Victory Over […]
Venezuela’s Grim Reaper: A Current Inflation Measurement – Current Annual Rate 2875%
Venezuela’s Grim Reaper: A Current Inflation Measurement – Current Annual Rate 2875% The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worthless, and with its collapse, Venezuela is witnessing the world’s worst inflation. As the bolivar collapsed and inflation […]
What Could Pop The Everything Bubble?
What Could Pop The Everything Bubble? A crisis that can’t be solved by just printing more dollars I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the […]
GDP Is Bogus: Here’s Why
GDP Is Bogus: Here’s Why Here’s a chart of our fabulous always-higher GDP, adjusted for another bogus metric, official inflation. The theme this week is The Rot Within. The rot eating away at our society and economy is typically papered over with bogus statistics that “prove” everything’s getting better every day in every way. The […]
Fed Confused About What Drives Inflation
FED CONFUSED ABOUT WHAT DRIVES INFLATION On October 4 2017, the former governor of the Federal Reserve Daniel Tarullo in a speech at the Brookings think-tank in Washington said Fed policy makers do not have a reliable theory of what drives inflation. According to Tarullo, central bankers should pay less attention to theoretical models and […]
Nonsensical Global Worries Over Subdued Inflation: Yellen, Draghi, Kuroda
Nonsensical Global Worries Over Subdued Inflation: Yellen, Draghi, Kuroda Central bank presidents at the Fed, the ECB, and Bank of Japan are all concerned over low inflation. The Fed wants to hike anyway, but the Bank of Japan will keep pursuing aggressive monetary easing. Meanwhile, asset prices are in the biggest ever bubble. Bank of […]
Eric Peters: “This Is The Nightmare Scenario For The Next Fed Chair”
Eric Peters: “This Is The Nightmare Scenario For The Next Fed Chair” While we will have much more to share from the latest weekend letter by One River’s Eric Peters shortly, we found the following section on inflation vs asset bubbles – a topic which BofA’s Michael Hartnett has been focusing extensively on in the […]
Yellen Was Right: “Transitory” Factors of “Low” Inflation Are Reversing, with Much More to Come
Yellen Was Right: “Transitory” Factors of “Low” Inflation Are Reversing, with Much More to Come What’s Boiling Beneath the Surging Inflation? Consumers are going to shell out more money for the same stuff, that’s for sure. Inflation as measured by the Consumer Price Index jumped 2.2% in September compared to a year ago, the Bureau of […]
About Those “Hedonic Adjustments” to Inflation: Ignoring the Systemic Decline in Quality, Utility, Durability and Service
About Those “Hedonic Adjustments” to Inflation: Ignoring the Systemic Decline in Quality, Utility, Durability and Service The quality, durability, utility and enjoyment-of-use of our products and services has been plummeting for years. One of the more mysterious aspects of the official inflation rate is the hedonic quality adjustments that the Bureau of Labor Statistics makes to the […]
Be Careful What You Wish For: Inflation Is Much Higher Than Advertised
Be Careful What You Wish For: Inflation Is Much Higher Than Advertised What the Federal Reserve is actually whining about is not low inflation–it’s that high inflation isn’t pushing wages higher like it’s supposed to. It’s not exactly a secret that real-world inflation is a lot higher than the official rates–the Consumer Price Index (CPI) […]
What’s The Matter With Inflation?
What’s The Matter With Inflation? What’s The Matter Kansas inflation? The divergence of official inflation as measured by the government versus inflation realized by the consumer and businesses has never been greater, in our opinion. Go ask anybody on the street in America and Europe if think “doing life or business” is getting more expensive. […]
Why US Price Inflation Remains Relatively Subdued?
WHY US PRICE INFLATION REMAINS RELATIVELY SUBDUED? The yearly growth rate of the US consumer price index stood at 1.9% in August against 1.7% in July, while the growth rate of the price index less food and energy stood at 1.7% in August against a similar figure in July and 2.3% in August last year. […]
Stupidity Well Anchored: Absurdity of Inflation Expectations in Graphic Form
Stupidity Well Anchored: Absurdity of Inflation Expectations in Graphic Form The amount of sheer nonsense written about inflation expectations is staggering. Let’s take a look at some recent articles before making a mockery of them with a single picture. Expectations Problem On July 17, 2017, Rich Miller writing for Bloomberg proclaimed The Fed Has an Inflation Expectations […]
This Fed is on a Mission
This Fed is on a Mission QE Unwind starts Oct. 1. Rate hike in Dec. Low inflation, no problem. The two-day meeting of the FOMC ended on Wednesday with a momentous announcement that has been telegraphed for months: the QE unwind begins October 1. It marks the end of an era. The unwind will proceed […]
