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Tag Archives: inflation
Japan’s “Deflationary Mindset” Grows As Household Cash Hordes Reach Record High
Japan’s “Deflationary Mindset” Grows As Household Cash Hordes Reach Record High After being force-fed more stimulus than John Belushi, and endless rounds of buying any and every asset that dares to expose any cracks in the potemkin village of fiat folly, Japan remains stuck firmly in what Abe feared so many years ago – a […]
Lies, Lies & OMG More Lies
LIES, LIES & OMG MORE LIES “There are three types of lies — lies, damn lies, and statistics.” – Benjamin Disraeli Every month the government apparatchiks at the Bureau of Lies and Scams (BLS) dutifully announces inflation is still running below 2%. Janet Yellen then gives a speech where she notes her concern inflation is […]
Algeria Officially Launches Helicopter Money Amid Sliding Oil Revenue, Budget Crisis
Algeria Officially Launches Helicopter Money Amid Sliding Oil Revenue, Budget Crisis One year ago, the imminent arrival of helicopter money among endless discussions of pervasive lowflation was all the rage within high-finance policy circles. Then, everything changed as if on a dime, and in recent months the dominant topic has been global coordinated tightening – […]
August Consumer Prices Jump Most Since January Due To Soaring Energy, Shelter Costs
August Consumer Prices Jump Most Since January Due To Soaring Energy, Shelter Costs After disappointing (for The Fed’s inflationistas) producer prices growth yesterday, consumer prices jumped 0.4% MoM in August – the biggest spike since January. Gains were driven by soaring energy costs (offset by a big decline in vehicle prices). Year over Year, CPI […]
“Bad Options” Regarding 2% Inflation Targets (And Other Silly Notions)
“Bad Options” Regarding 2% Inflation Targets (And Other Silly Notions) The Wall Street Journal and Bloomberg both posted ridiculous articles regarding today regarding inflation. The former was on “bad options” the latter on “inflation expectations”. Let’s take a look at both articles because both represent widely believed nonsense. In Bad Options for Addressing Too-Low Inflation, Wall […]
The Mystery of the Missing Inflation
The Mystery of the Missing Inflation Since the summer of 2016, the global economy has been in a period of moderate expansion, yet inflation has yet to pick up in the advanced economies. The question that inflation-targeting central banks must confront is straightforward: why? NEW YORK – Since the summer of 2016, the global economy […]
“10-Year Treasury Yields Headed to Zero Percent” Saxo Bank CIO
“10-Year Treasury Yields Headed to Zero Percent” Saxo Bank CIO In his latest Email article, Steen Jakobsen, Saxo Bank Chief economist and CIO has a bold prediction about interest rates. With nearly everyone, even Janet Yellen at the Fed, predicting wage-induced inflation, Jakobsen makes a bold call in the opposite direction. This is a guest post […]
The Insanity of Pushing Inflation Higher When Wages Can’t Rise
The Insanity of Pushing Inflation Higher When Wages Can’t Rise In an economy in which wages for 95% of households are stagnant for structural reasons, pushing inflation higher is destabilizing. The official policy goal of the Federal Reserve and other central banks is to generate 3% inflation annually. Put another way: the central banks want to […]
The Normalization Delusion
The Normalization Delusion LONDON – There is a psychological bias to believe that exceptional events eventually give way to a return to “normal times.” Many economic commentators now focus on prospects for “exit” from nearly a decade of ultra-loose monetary policy, with central banks reducing their balance sheets to “normal” levels and gradually raising interest […]
Austrian Monetary Theory vs. Federal Reserve Inflation Targeting
AUSTRIAN MONETARY THEORY VS. FEDERAL RESERVE INFLATION TARGETING One of the leading policy guideposts for central banks and many monetary policy proponents nowadays is the idea of “inflation targeting.” Several major central banks around the world, including the Federal Reserve in the United States, have set a goal of two percent price inflation. The problem […]
Fed Study Shows Phillips Curve Is Useless: Admitting the Obvious
Fed Study Shows Phillips Curve Is Useless: Admitting the Obvious The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship. This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates. A new Fed Study shows the […]
How Twisted Minds Function
How Twisted Minds Function The economic theories arising out of Australia are both amusing and frightening. In the latest bit of madness, an economist pleads for more inflation, blaming cheap overseas retailers for Australia’s housing bubble. For mocking purposes only, please consider How Cheap Overseas Retailers are Pushing Up House Prices in Australia. “DOWN Down! Prices […]
Shrinkflation In Ireland – Real Inflation Much Higher Than Reported
Shrinkflation In Ireland – Real Inflation Much Higher Than Reported Shrinkflation – Real inflation much higher than reported and realised Shrinkflation is taking hold in consumer sector Important consumer, financial, monetary and economic issue being largely ignored by financial analysts, financial advisers, economists, central banks and the media. Food becoming more expensive as consumers get […]
BofA: “Central Banks Are Now In A Desperate Dilemma”…”Start Buying Volatility”
BofA: “Central Banks Are Now In A Desperate Dilemma”…”Start Buying Volatility” One week after the second biggest weekly inflow to Wall Street on record, the “risk on” rotation ended abruptly in the ensuing five days, when as Bank of America writes overnight, it observed “Inflows to structural “deflation”, outflows from cyclical “inflation”; with oil the […]
The Path to Inflation: “Helicopter Money”
The Path to Inflation: “Helicopter Money” The general view in inflation is dead, essentially forever. Maybe. Maybe not. We all know real-world inflation for big-ticket expenses is far above the official rate of around 2% annually. Yet conventional economists are virtually unanimous that deflation is the danger and inflation is a “good thing” we need […]
