{"id":61932,"date":"2022-02-17T09:20:21","date_gmt":"2022-02-17T14:20:21","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61932"},"modified":"2022-02-17T09:20:21","modified_gmt":"2022-02-17T14:20:21","slug":"inflation-cassandra-speaks","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61932","title":{"rendered":"Inflation \u2013 Cassandra Speaks"},"content":{"rendered":"<div class=\"hero-section\" data-type=\"type-2\">\n<header class=\"entry-header ct-container-narrow\">\n<h3 class=\"page-title\" title=\"Inflation \u2013 Cassandra Speaks\"><a href=\"https:\/\/morningporridge.com\/blog\/blains-morning-porridge\/inflation-casandra-speaks\/\">Inflation \u2013 Cassandra Speaks<\/a><\/h3>\n<div class=\"page-description ct-hidden-sm\"><strong>Inflation should be front and centre for markets \u2013 give or take Ukraine, Oil, etc. How real is it, and just how bad could the consequences be? Not talking about it is one way to ensure it hurts<\/strong>.<\/div>\n<\/header>\n<\/div>\n<div class=\"ct-container\" data-sidebar=\"right\" data-vertical-spacing=\"top:bottom\">\n<article id=\"post-9587\" class=\"post-9587 post type-post status-publish format-standard has-post-thumbnail hentry category-blains-morning-porridge category-central-banks category-inflation tag-citigroup tag-meta tag-ukraine\">\n<div class=\"entry-content\">\n<p><em>\u201cThe way to crush the bourgeoise is to grind them between the millstones of taxation and inflation.\u201d<\/em><\/p>\n<p>This Morning:\u00a0<em>Inflation should be front and centre for markets \u2013 give or take Ukraine, Oil, etc. How real is it, and just how bad could the consequences be? Not talking about it is one way to ensure it hurts.<\/em><\/p>\n<p>Contrary to expectations,\u00a0<strong>World War Last<\/strong>\u00a0didn\u2019t break out yesterday. Either the Russians are stepping back or they are retreating in a forward direction while adding thousands of new troops\u2026 Who knows..? Who to believe? In the absence of evidence or a credible reason for Putin pressing the auto-destruct button while he\u2019s winning, (er, yes, he probably is as the West discomboffulates around the issue, beset by leadership crises, division, energy prices and distrust), can we now look forward to Spring?<\/p>\n<p>And get back to worrying about real stuff.\u00a0<strong><u>Like inflation?<\/u><\/strong><\/p>\n<p>The news this morning is UK inflation hitting a 30-year high, home price rises in the US and UK earning more than the average working wage, and the Fed Minutes \u2013 yawn. Put these together and it looks torrid. Yet the market seems\u00a0<em>unbovvered<\/em>\u2026 \u00a0There is a strong likelihood the Fed will hike 50 bp in March and up to 10 times in the next (whatever length of time) years\/months\/minutes\u2026 Whateva\u2026 Expectations of aggressive moves in rates have doubled in recent weeks.<\/p>\n<p>Commentary in the bond market ranges from the risks of over-aggressive policy mistakes, arguments about how long \u201ctransitory\u201d inflation might last, and the risks of further supply and wage driven inflation hikes&#8230;<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Inflation \u2013 Cassandra Speaks Inflation should be front and centre for markets \u2013 give or take Ukraine, Oil, etc. How real is it, and just how bad could the consequences be? Not talking about it is one way to ensure it hurts. \u201cThe way to crush the bourgeoise is to grind them between the millstones [&hellip;]<\/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":[2,5],"tags":[15674,124,7783,24419,534,538,22663,553,588,13351,694,783,821,827,862],"class_list":["post-61932","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-bill-blain","tag-central-banks","tag-credit-expansion","tag-eruope","tag-monetary-policy","tag-money-printing","tag-morning-porridge","tag-nato","tag-oil","tag-price-inflation","tag-russia","tag-taxes","tag-ukraine","tag-united-states","tag-war"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61932","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=61932"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61932\/revisions"}],"predecessor-version":[{"id":61933,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/61932\/revisions\/61933"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}