Where Are We Going? | June 25, 2022

Where Are We Going? We suffered the great exasperation of hearing parts of Fed Chair Powell’s Humphrey-Hawkins testimony in front of the Senate on Wednesday. Fortunately, we managed to miss some of it, but rather than a session to better understand our current economic problems, it became a series of political advertisements, each charging the […]
READ POST

Economy Killers? | June 11, 2022

Economy Killers? The CPI report for May was released on Friday and it showed that headline inflation rose 8.6% from May of last year, compared with 8.3% in April. Core inflation, that is, excluding food and energy, rose at 6.0% from last year, compared with 6.2% in April. This was a little higher than expectations […]
READ POST

Even A Broken Clock is Right Twice a Day | May 7, 2022

Even A Broken Clock is Right Twice a Day While central bankers are very smart, they are far from infallible. Throughout the history of central banks, policy errors are common. The choice central banks are making now is between focusing on core inflation (excluding food and energy). This allows food and energy inflation to run […]
READ POST

CPI Hits 7.5% : What it Means to Us… | February 12, 2022

CPI Hits 7.5% – What It Means to Us… Headline CPI for January surprised on the upside registering 7.5% vs. expectations of 7.3%. What makes it more of a surprise is that the day before, the ‘whisper number’ was that CPI would come in below expectations. The cause of the higher number is a scheduled […]
READ POST