Inflation and Recession are Becoming Entrenched
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A bad stagflation is here. Since the Fed will be locked in a battle to tame the price side of the equation even as real output falters for months and years to c... Read more.
Inflation: Where Are We Now?
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The fact is, Tuesday’s CPI report destroyed the idea that the Fed will pause soon. In fact, excluding volatile food and energy prices, the so-called core CPI ... Read more.
Covid Invoked for More Redistribution from Workers to Doctors and Lawyers
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Approximately 43 million student loan borrowers in the United States owe a collective nearly $1.75 trillion in federal and private student loan debt as of Augus... Read more.
Here Is What Stagflation Looks Like
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It’s the reason why the real economy is faltering and stagflation has become embedded: To wit, the gains in nominal income are being more than eaten up by soa... Read more.
More Spasms of the Post-Lockdown Economy
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Once upon a time there was a joke about “I’m from Washington and I’m here to help you”. That’s now a reality and it’s no joke.... Read more.
The Spasmodic Chaos of the Post-Lockdown US Economy
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The business sector is flying blind: It can’t forecast what’s coming down the pike in the normal manner based on tried and true rules of cause and effect. I... Read more.
Inflationary Pressure Is Worse than They Say
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Food inflation coming down the pipeline of producer and consumer prices still has a huge head of steam. So as the “runaway inflation” issue takes front-and-... Read more.
The Grim Reality of Post-Lockdown Economic Trends
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In short, both the Wall Street and main street economies have been so badly roiled and distorted by lockdowns, the Fed’s money-printing spree, and Washington�... Read more.
April’s CPI Codifies the New Age of Inflation
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At the commodity level, the global food index is still up by 28% versus prior year—a figure which may well accelerate substantially over the balance of the ... Read more.
The Fed Is Not Fixing the Problem
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There is no chance of staunching inflation if real yields remain mired deep in negative territory. Yet if the nominal yield on the UST should rise to 5-7%, and ... Read more.
Real Personal Income Down 20% from One Year Ago
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Neither the American economy nor economists’ models are built to handle fluctuations of such gigantic magnitudes. Accordingly, the American economy is now fly... Read more.
How Virus Spending Became the New Virus
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In a word, the combination of government induced “supply-side” contraction and ultra-stimulated merchandise “demand” has no parallel for folly in the an... Read more.