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When There’s Too Much Money, There’s Never Enough Stuff – Ep 731




* Take the CPI numbers with a grain of salt.
* The CPI will catch up to the PPI.
* Fed’s new definition of transitory means a permanent re…

4 years, 10 months ago

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Government Is Consistent; It Always Lies – Ep 730




* Producer Price Index numbers come in higher than expected for 9th month in a row.
* Inflation trends show no sign of being transitory.
*…

4 years, 10 months ago

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Let’s Replace Labor Day With Entrepreneur Day – Ep 729




* Grover Cleveland was really a libertarian and one of our greatest presidents.
* The populist movement lead to Labor Day and ultimately in …

4 years, 10 months ago

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Summer Data Swoon Puts Fall Taper in Doubt – Ep 728




* Jobs numbers disappoint expectations, but Biden brags.
* Inflation expectations highest since just before 2008 financial crisis.
* AOC p…

4 years, 10 months ago

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Tapering the Taper Talk – Ep 727




* Powell offers no clues on taper timetable.
* Powell vows to keep interest rates low until QE is finished.
* Powel blames price increases…

4 years, 10 months ago

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Less Loose Is Not Tight – Ep 726




* Fed will talk about tapering until it can use Delta as an excuse not to.
* Bitcoin is irrelevant to monetary policy.
* Accepting Bitcoin…

4 years, 10 months ago

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Stimulus Even Harder to Exit Than Afghanistan – Ep 725




* Markets spooked by CNBC interview with Boston Fed President.
* Higher inflation leads to more poverty and a wider wealth gap.
* Food sta…

4 years, 10 months ago

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Fifty Years of Fiat Failure – Ep 724




* Rising costs increasing producer pricing.
* US home prices rising at fastest pace in history while affordability hits record low.
* Trad…

4 years, 11 months ago

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Larger Deficits Mean Higher Inflation – Ep 723




* Gold reacts counterintuitively to inflation fears.
* Fed changes the definition of transitory inflation.
* Q2 Productivity numbers disap…

4 years, 11 months ago

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Markets Move on Fantasy, Ignore Reality – Ep 722




* Wall Street trading on “garbage in, garbage out” algorithm.
* Another month, another record trade deficit.
* Moratorium on student loan …

4 years, 11 months ago

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