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Tag Archives: consumer price index
Rate of Change
Rate of Change We’ve got to change our ornithological nomenclature. Hawks become doves because they are chickens underneath. Doves became hawks for reasons they don’t really understand. A fingers-crossed policy isn’t a robust one, so there really was no reason to expect the economy to be that way. In January 2019, especially the past few […]
Inflation Surges In October; Media Blames Gas Prices
Inflation Surges In October; Media Blames Gas Prices A key measurement of inflation, The Consumer Price Index, rose 2.5% in October from a year earlier. The inflation was linked to rising gas prices by the media, but there’s more to it than just the cost of fuel. Rising inflation is actually also likely tied to […]
The Coming Inflation Threat
The Coming Inflation Threat Falling asset inflation plus rising cost inflation equals stagflation. Inflation is a funny thing: we feel it virtually every day, but we’re told it doesn’t exist—the official inflation rate is around 2.5% over the past few years, a little higher when energy prices are going up and a little lower when […]
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing This will dog the stock market going forward. Fixed-income investors – a financially conservative bunch buying Treasury securities, FDIC-insured CDs, and similar products that largely eliminate risk – have been getting crushed for a decade: Except for brief periods when inflation […]
Chairman Powell’s Bizarre Statement Ignores the Reality of Price Inflation
Chairman Powell’s Bizarre Statement Ignores the Reality of Price Inflation Inflation has been on the rise since late 2015. According to the Consumer Price Index (CPI) measure, the Fed has typically maintained the “target inflation” rate of 2%. But official inflation has moved well past that benchmark. It is currently nearing 3% while rising at […]
Inflation Rearing Its Ugly Head
Inflation Rearing Its Ugly Head The world of finance and investment, as always, faces many uncertainties. The US economy is booming, say some, and others warn that money supply growth has slowed, raising fears of impending deflation. We fret about the banks, with a well-known systemically-important European name in difficulties. We worry about the disintegration […]
Loonie Tumbles After Ugly Canadian Data: Worst Toronto Retail Sales In 3 Years
Loonie Tumbles After Ugly Canadian Data: Worst Toronto Retail Sales In 3 Years The synchronized economic slowdown has hit again, this time striking America’s latest trade war opponent, Canada, which moments ago reported some very ugly inflation and retail sales data. First, on the inflation front, Canadian CPI rose just 2.2% in May from 2.1% […]
Burrito Index Update: Burrito Cost Triples, Official Inflation Up 43% from 2001
Burrito Index Update: Burrito Cost Triples, Official Inflation Up 43% from 2001 Welcome to debt-serfdom, the only possible output of the soaring cost of living. Long-time readers may recall the Burrito Index, my real-world measure of inflation. The Burrito Index: Consumer Prices Have Soared 160% Since 2001 (August 1, 2016). The Burrito Index tracks the […]
The Real Inflation Rate May Signal That the U.S. Economy is in a Death Spiral
The Real Inflation Rate May Signal That the U.S. Economy is in a Death Spiral Just like a car with a bad cooling system, the U.S. economy may be overheating, and could break down soon. Why? Aside from trade wars, geopolitical tension, and debt, inflation might stand center-stage as the final nail in the U.S. […]
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 […]
Lies, Damned Lies, And Statistics…And The CPI
Lies, Damned Lies, And Statistics…And The CPI The first three of those words are attributed to the British Prime Minister, Benjamin Disraeli, and also sometimes associated with Mark Twain. You know our skepticism of most government data, especially the BLS calculation of inflation in consumer goods and services. The data are so massaged by seasonal and […]
Albert Edwards: “We Just Had A Small Taste Of The Coming Financial Collapse”
Albert Edwards: “We Just Had A Small Taste Of The Coming Financial Collapse” What is the outcome when three market skeptics sit down for dinner to discuss the future of the global economy? Whatever it is, it’s hardly optimistic. In his latest note released moments after the big CPI upside surprise and titled, what else, […]
Mystery: Australian electricity costs rise six times faster than wages – up another 12%
Mystery: Australian electricity costs rise six times faster than wages – up another 12% More bad luck for the renewables industry. Despite providing free energy from the sun and wind, electricity prices keep rising relentlessly, shockingly fast. Even doubling in wholesale costs in South Australia and Victoria. It was supposed to be cheap to collect […]
