The combination of all this fiscal and monetary stimulus is turbocharging what Keynes called aggregate demand. All that demand is putting tremendous stress on the global supply chain resulting in bottlenecks and raw material inflation. The inflation we are now…
For the first time in 40 years we have real inflation in the US and the implications are enormous. It means the end of the 40 year bond bull market, a stock market crash and The Second Great Depression. In…
There are a number of companies on a different fiscal year whose quarter ended at the end of August rather than September and therefore give us a preview of what to expect when 3Q earnings season swings into full gear…
A lot happened this week and it was almost all bearish in my opinion. The week started (Monday) and ended (Friday) with concerns about the collapse of behemoth Chinese property conglomerate Evergrande. US markets don’t seem much concerned about it…
I went to one who had the reputation of wisdom, and observed to him – his name I need not mention; he was a politician whom I selected for examination – and the result was as follows: When I began to talk with…
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There is a very interesting dynamic playing out in the economy right now that is almost certain to result in significant inflation. That dynamic consists in the reality of inflation as described by corporate executives, some examples of which you can read above, combined with the Fed’s refusal to admit that it’s anything more than “transitory”.
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Note: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber…
Note: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber…