Category Archives: Inflation/Deflation

Our Favorite Chart: Core CPI

“Inflation is taxation without legislation” – Milton Friedman How’s that deflation meme working for you? Core CPI’s Cup and Handle Pattern  Back in the day, I would be buying that chart hand over fist if it were a stock, bond, … Continue reading

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More Monetary Insanity & The Negative Yielding Bond Bubble

Had to get this last one in before we hit the surf. We like to look at the Cleveland Fed’s Median CPI calculation as it removes monthly outliers that can pull the averages up or down.  It hit a 10-year … Continue reading

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Deflation? Not Even Close

Core CPI consistently prints around 2 percent, the average over the past eight years, with the latest reading of the June core rate coming in at 2.1 percent.  Sure, we can find another index to show lower or higher rates … Continue reading

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The Gathering Storm In The Treasury Market 2.0

Here it is, folks,  the final product. It is a beast.  One famous blogger said of it, “This post is so big, you can see it from space.” We hope you take the time to give it a thorough read.  … Continue reading

Posted in Bonds, Emerging Markets, Fiscal Policy, Inflation/Deflation, Interest Rates, Uncategorized | Tagged , , , | 41 Comments

Distorted Inflation Data & Dynamic Pricing

Just bought Bob Woodward’s new book for a birthday gift from Amazon yesterday for $18.00.  I tried to buy another one this morning and was quoted a price of  $19.32 per book.   That’s Venezuela-esque inflation, folks.  Works out to … Continue reading

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Inflation Drives Apple Market Cap To One Trillion Dollars

1012 Apple’s market cap hit 1012 dollars today. Impressive but no pom-poms here at Global Macro Monitor.  We would be more impressed if Apple’s main businesses were doing better and the company was more focused on electrical engineering rather than … Continue reading

Posted in Apple, Inflation/Deflation, Innovation, Uncategorized | Tagged , , , | 18 Comments

QOTD: Paul Tudor Jones

Note, no mention of “recession”, the trigger for the cheerleaders.  The bear market of    1962 and 1987 occurred with robust economic growth. You look at every bear market and they’ve always basically occurred because of an uptick in inflation … Continue reading

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Inflation Rising…Super Spike In Yields Coming?

Yield curve flattening trades will flatten you in the next six months.  The march toward 4 percent on the 10-year will continue after record shorts square up positions just a little bit more. Inflation moving higher. Moreover, the supply/demand flow … Continue reading

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Inflation Is Here, Get Used To It

I stopped to grab a burger in Marin County today and was kind of shocked to see the following posted on the front door.     That is a pretty steep starting wage for nonskilled labor, and $5.00 more than … Continue reading

Posted in Equities, Food Prices, Inflation/Deflation, Uncategorized | Tagged , | 55 Comments

Inflation Indicators: Measures & Composition

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