— “Where Is GDP Headed? Don’t Ask an Economist!” — Recent economist’s predictions on PCE inflation + .5%. It came in at +.6% — A 1/10% miss on economist’s forecast creates negative media feeding frenzy. — Feeding the Inflation/Recession Obsession, starving perspective “Where is GDP heading? Don’t ask an economist.” With all due deference to my economist friends,…
Tag: Wage Inflation
Perspective: The Key to The Market Vault!
— Perspective is the number one biggest shortcoming in the coverage of financial and market news. — I examine perspectives on inflation, rates and recessions. — Lack of perspective stems from two causes: The lack of (or willingness to dig for) historical comparisons or the omission of known facts that might soften the fearful impact of a headline….
“Stocks Hover Near Their Highs. Main Street Doesn’t Care.”
— What’s wrong with this headline? I believe a lot. — A quintessential example of the media turning a silk purse into a sow’s ear — Most of America should be celebrating the economy. If they are not it is because the media is telling them things are bad. What is wrong with my title headline? Barron’s columnist, Randall…
If you think our current inflationary bump is just a hiccup, I’ve got a bridge for sale!
— There is mounting evidence that the current bump in inflation is just the beginning of a longer-term trend toward higher prices. — Higher labor costs, insourcing to secure our supply chain and exogenous pressures on raw materials will be the main culprits. — The media will have a field day since this supposed bad…