{"id":34345,"date":"2018-05-19T09:17:18","date_gmt":"2018-05-19T14:17:18","guid":{"rendered":"http:\/\/olduvai.ca\/?p=34345"},"modified":"2018-05-19T09:17:18","modified_gmt":"2018-05-19T14:17:18","slug":"reflections-on-late-stage-inflation","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=34345","title":{"rendered":"Reflections on Late-Stage Inflation"},"content":{"rendered":"
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Reflections on Late-Stage Inflation<\/a><\/h3>\n<\/div>\n
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Without a doubt, we are in a period of late-stage inflation. But how long can it last?<\/p>\n<\/section>\n<\/div>\n<\/header>\n
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A few days ago I noted that “inflation expectations” were the same or nearly the same for every period from seven years through thirty.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Actually, the thirty-year expectation was slightly less than the 10-year expectation. For discussion, please see Traders Expect Less Inflation Over a 30-Year Period than a 10-Year Period<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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I do not think much of inflation expectations but the Fed strongly believes in them, and so do some others.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Pater Tenebrarum at the Acting Man blog commented “I agree . It is typical for the late stage of the business cycle, you get price inflation going, but it cannot last long. Note though that at some point (depending on central bank actions in response to the next bust and contingent circumstances) there could be a tipping point toward another stagflation period<\/em>.”<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Tenebrarum emailed two links where he discussed the setup.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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