Tag Archives: Inflation

Gold Still Tracking Bonds

Posted on January 25, 2017 by macromon

We posted last week the correlation of the bond and gold.  Some argue gold has been rallying as a hedge against inflation or inversely with the dollar.   Don’t think so and not yet on the inflation hedge. Gold is moody … Continue reading →

Posted in Gold | Tagged , , | 3 Comments

How to Become a Trillionaire and Other Thoughts

Posted on January 7, 2017 by macromon

Grab one of these: Careful what you wish for central bankers and fiscal policy makers.  Though we don’t see signs of “rollover risk” in any of the G5 or G20, it’s all about confidence and you know what Joe said about … Continue reading →

Posted in Economics, Fiscal Policy, Uncategorized | Tagged , , , , | 10 Comments

The Fed on Food Stamps

Posted on December 13, 2012 by macromon

Wow!   The food stamp program is now equivalent to 14 percent of all U.S. grocery store sales. Though the Fed indirectly finances the food stamp program with its purchase of treasury securities — $45 billion per month starting in January … Continue reading →

Posted in Banking, Monetary Policy | Tagged , , | 1 Comment

China Inflation at 29-month Low

Posted on July 8, 2012 by macromon

Bloomberg reports, China’s consumer-price inflation eased to a 29-month low in June, giving Premier Wen Jiabao more room to relax economic policies after the second interest-rate cut in a month. The consumer price index rose 2.2 percent from a year … Continue reading →

Posted in China, Inflation/Deflation | Tagged , , , | Leave a comment

Where The Inflating Things Are

Posted on June 18, 2012 by macromon

On the eve of the Fed’s FOMC two-day meeting we thought this chart illustrating what is inflating in the U.S. consumer basket very relevant.   Don’t see much deflation x/ energy and the core CPI (x/ food and energy) remains stuck … Continue reading →

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

Inflation Convergence and Real Earnings

Posted on April 16, 2012 by macromon

The BLS chart clearly illustrates the convergence of core (x/ food and energy) inflation and all items.   Core inflation is up 2.3 percent y/y, which is a little hot given its recent history.  Here’s the BLS commentary, The index … Continue reading →

Posted in Black Swan Watch, Economics, Employment, Inflation/Deflation, Monetary Policy | Tagged , , , , | Leave a comment

Is Inflation Driving the U.S. Wealth/Income Gap?

Posted on March 22, 2012 by macromon

The bears video got us motivated to put together a chart of the S&P500 and gas prices over the past year.   It’s stunning, though not surprising, to see how both series move together.   The two charts below help explain a … Continue reading →

Posted in Economics, Employment, Energy, Equities, Video | Tagged , , , | 12 Comments

What’s Driving U.S. Inflation?

Posted on March 19, 2012 by macromon

The Consumer Price Index for All Urban Consumers (CPI-U) in the U.S. increased 2.9 percent in February before seasonal adjustment.  These BLS charts and table illustrate what is driving the increase. (click here is charts and table are not observable)

Posted in Economics, Inflation/Deflation | Tagged , , , | 1 Comment

What’s Inflating in the U.S. Consumer Basket

Posted on February 21, 2012 by macromon

Note all components are above the 10-year Treasury yield.    That’s some financial repression! (click here if chart is not observable)

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