Author Archives: macromon

History Is Not On Inflation’s (or the Fed’s) Side

CPI inflation hit 9.1 percent in June.  The FinMedia is quick to point out it was “the highest level in more than forty years,”   We doubt you will hear (at least from them) any context or the rest of the … Continue reading

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The World’s Breadbasket

There was some rare good news out of Ukraine today when a vessel loaded with 26,000 tons of corn left the port of Odesa — the first legal shipment of grain since Russia’s invasion began in late February. It’s a … Continue reading

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QOTD: Siding With King George

QOTD: Quote of the Day Better Call Saul CNBC. A year ago financial market pricing expected 2.4% inflation over the following 12 months. We got 9.1% inflation. So maybe financial markets are not omniscient. — Jason Furman (@jasonfurman) July 14, … Continue reading

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The Over/Under On The CPI Number

The BLS reports CPI inflation tomorrow with the expectations of the print in the above table. We are taking the under on the overall consensus expectation of 1.1 percent and the over on the core of  0.5 percent.   All based … Continue reading

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Greedflation?

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Container Port Congestion

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QOTD: The Bastardizing Of The Second Amendment

For Carol K.  QOTD: Quote of the Day “the gun lobby’s interpretation of the Second Amendment is one of the greatest pieces of fraud . . . that I have ever seen in my lifetime.” – William Berger, Chief Justice of SCOTUS,  1969-86, appointed … Continue reading

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Call The Repo Man

Does anybody remember this cult classic? Looks like he will soon be back in action with a vengeance:  A record share of new car shoppers are being saddled with monthly payments topping $1,000, according to June data from Edmunds. That’s higher than the … Continue reading

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Sneak-flation Cometh!

Add to Shrinkflaton, among others.

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History’s Biggest “Butterfly Effect” Occurred On This Day

Originally Posted on June 27, 2017 by macromon The butterfly effect is the concept that small causes can have large effects. Initially, it was used with weather prediction but later the term became a metaphor used in and out of … Continue reading

Posted in Economics, Geopolitical, Uncategorized | Tagged , , | 16 Comments