Category Archives: Inflation/Deflation

The Great Reset: “Saluta la signora Mussolini, il nuovo PM d’Italia”

As Wall Street whines about the Fed and seems to only care about getting stock prices higher, very few people we know can connect the dots and understand that the world economy and the post-war global geopolitical order, for that … Continue reading

Posted in Economics, Global Reset, Inflation/Deflation | 28 Comments

Memo to Wall Street:  The Monetary Cavalry Ain’t Coming

For the past 25 years, markets have depended on central banks to bail them out because of the delusion that “inflation had been vanquished to the dustbin of history.” Even after the Jay Powell smackdown, we still hear talk of … Continue reading

Posted in Inflation/Deflation, Monetary Policy, Uncategorized | Tagged , , , , | 16 Comments

How The U.S. Made Inflation Worse

Not a bad primer video from CNBC on the Fed’s policy mistakes, which we all are now, literally, paying for. I would add that monetary policy is a black box, mainly because we can’t define the money supply, much less … Continue reading

Posted in Inflation/Deflation, Monetary Policy | Tagged , , | 21 Comments

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

Posted in Inflation/Deflation, Monetary Policy, Uncategorized | Tagged , , | Leave a comment

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

Posted in Economics, Inflation/Deflation, Uncategorized | Leave a comment

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

Posted in Disinflaton, Economics, Inflation/Deflation | Tagged , | Leave a comment

Are Wage Pressures Structural?

We vote both cyclical and structural. When it rains, it pours.  The COVID and Ukraine shock has ripped the veil from the “Wizard of Oz” economy.   Follow the crypto brick road.  Deglobalization Cometh Americans are beginning to experience what a … Continue reading

Posted in Inflation/Deflation | 5 Comments

Larry Summers On Inflation

Rate hikes can slow the flow of endogenous money (market and credit-based), but there is too much base money (central bank created) in the global economy.  Much of the supply chain disruptions are from too much demand swamping supply capacity.  … Continue reading

Posted in Inflation/Deflation, Uncategorized | Leave a comment

Hamburger Inflation: Input Costs

Posted in Commodities, Food Prices, Inflation/Deflation, Uncategorized | Tagged , , | Leave a comment

CPI Food Inflation: Carnivores In Pain

#CKStrong Here’s the raw data from this morning’s CPI release. Make your inferences. The percentage change in the Consumer Price Index for all items was up 0.8percent in February and 7.9 percent y/y. All food items were up 1.0 percent … Continue reading

Posted in Inflation/Deflation | 1 Comment