{"id":57811,"date":"2021-05-12T07:38:11","date_gmt":"2021-05-12T12:38:11","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57811"},"modified":"2021-05-12T07:38:11","modified_gmt":"2021-05-12T12:38:11","slug":"rabo-please-dont-make-us-look-at-the-inflation","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57811","title":{"rendered":"Rabo: Please Don\u2019t Make Us Look At The Inflation"},"content":{"rendered":"
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Rabo: Please Don\u2019t Make Us Look At The Inflation<\/a><\/h3>\n<\/header>\n
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Markets continue to reel: \u201cRisk crumbles\u201d, says Bloomberg.<\/strong>\u00a0Why? Because there is a plaintive plea from everyone from the Fed and the Treasury down to simple peddlers of exotic derivatives:\u00a0please don\u2019t make us look at the inflation!<\/strong><\/em>\u00a0Yes, it\u2019s US inflation-data day – and nobody wants to see any.\u00a0If there is an upside surprise in CPI, to reflect the surges in the prices of so much around us, it will embarrass the Fed, and the US Dollar, and Yellen, and many others<\/strong>. Some pre-emptive positioning may already be underway: the White House said Tuesday it takes \u201cthe possibility of inflation seriously<\/em>\u201d, or should that have been \u201cserious inflation is possible?<\/em>\u201d; and the Fed\u2019s Bullard added the US will see inflation in 2021 and some will \u201chang on\u201d in 2022. Is that still transitory?<\/p>\n

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China\u2019s PPI surprised to the upside, which may prove a worrying harbinger: and, anecdotally, prices for shipping between to the US this summer is now up to seven times what it was a year ago on some routes. Of course, the delayed 2020 census was a harbinger too \u2013 of mercantilism. (See \u201cA Midwife Crisis<\/a><\/strong><\/em>\u201d: and thinking Fudd not Fed, this should have been titled \u201cA Midwife Cwisis<\/em>\u201d, with the subtitle\u00a0\u201cBe Vewy, Vewy Quiet. I\u2019m hunting positive demogwaphics. Huh huh huh.\u201d<\/em><\/p>\n

The German ZEW survey (of analysts, so irrelevant) perked up too, while the US NFIB survey (of businesses, so relevant) showed that despite the weak payrolls number on Friday,\u00a0it is now the most difficult to find workers ever<\/strong>. Crucially, \u201cowners are raising compensation,\u00a0<\/em>[and]\u00a0offering bonuses and benefits to attract the right employees<\/em>,\u201d the survey added…<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Rabo: Please Don\u2019t Make Us Look At The Inflation Markets continue to reel: \u201cRisk crumbles\u201d, says Bloomberg.\u00a0Why? Because there is a plaintive plea from everyone from the Fed and the Treasury down to simple peddlers of exotic derivatives:\u00a0please don\u2019t make us look at the inflation!\u00a0Yes, it\u2019s US inflation-data day – and nobody wants to see […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1055,172,303,1849,426,24135,24136,690,827,3650],"class_list":["post-57811","post","type-post","status-publish","format-standard","hentry","category-economics","tag-consumer-price-index","tag-cpi","tag-fed","tag-financial-markets","tag-inflation","tag-michael-every","tag-rabobank","tag-risk","tag-united-states","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57811"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57811\/revisions"}],"predecessor-version":[{"id":57812,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57811\/revisions\/57812"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}