Retail prices of used cars & trucks spiked most since 1969 despite lower sales and plenty of supply. Wholesale prices, after biggest spike ever, are already falling.
She starts with a question about how my three-year-around-the-world trip changed the way I look at things. Interesting question because it did change the way I look at things (video).
A lump-sum payment in digital dollars for all Americans during a recession or to raise inflation, as an alternative to QE and negative interest rates, which have failed (transcript of my podcast).
A lump-sum payment in digital dollars for all Americans in a recession or to raise inflation as alternative to QE & negative interest rates, which have failed
“Rapid growth is no longer possible” and “inflation is not going to be tolerated” in societies with slow wage growth: head of central bank of Singapore. It has been said out loud.
“We’re not even thinking about thinking about” slowing the decline of the dollar’s purchasing power — and thereby labor’s purchasing power.
Market worrying about a phenomenon much worse than stagflation?
Some prices collapsed, others skyrocketed, and the Consumer Price Index went haywire. Here’s what I’m seeing beyond the near term — and it’s not “deflation.”
Ready for another shock-and-awe panic-cut by the Fed? Last time the Fed panic-cut was in 2007/2008, and look what happened to stocks.
Despite the Fed’s proclamations, the dollar lost purchasing power at a good clip.