Powell Uses 1970s Inflation Spiral to Show How “Temporary” Becomes Persistent, as Fed’s Lowball Inflation Measure “Core PCE” Jumps Most since 1991 by Wolf Richter • Aug 27, 2021 • 101 Comments His “taper” discussion — tapering starts this year — got all the attention, but his focus was on inflation.
The Most Monstrously Overstimulated Economy & Markets Ever by Wolf Richter • Aug 25, 2021 • 160 Comments The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow.
THE WOLF STREET REPORT: The Most Monstrously Overstimulated Economy & Markets Ever by Wolf Richter • Aug 22, 2021 • 153 Comments The Fed will trim back its stimulus, but it’s already too late, and it’ll be too little and too slow.
What’s Behind this Messed-Up Bond Market? by Wolf Richter • Aug 18, 2021 • 133 Comments The Fed. And then the Fed steps away.
Surging Prices, Fading Stimulus, and Shift to Services: Americans Dent Historic Spike in Retail Sales by Wolf Richter • Aug 17, 2021 • 120 Comments At cannabis shops, restaurants, and gas stations, sales hit records. At auto dealers, the biggie, sales sag.
THE WOLF STREET REPORT: What’s Behind this Messed-Up Bond Market? by Wolf Richter • Aug 15, 2021 • 141 Comments The total focus on the Fed. And then the Fed steps away.
Container Port Chaos in China, Soaring Freight Rates, Spiking US Producer Prices, as Fiscal & Monetary Stimulus Still Rage by Wolf Richter • Aug 12, 2021 • 146 Comments Some disruptions are “transitory,” but the spiral that the mix of ongoing over-stimulation has set off is anything but “transitory.”
Social Security COLA for 2022 Could Be Biggest since 2009 or even 1982, But Won’t Cover Cost Increases for Many Retirees by Wolf Richter • Aug 11, 2021 • 198 Comments It’s based on CPI-W for the third quarter. July came in at 6.0%.
Dollar’s Purchasing Power Plunged at Constant Speed by Wolf Richter • Aug 11, 2021 • 154 Comments Now it’s new vehicles, restaurants, energy. Game of Whac-A-Mole as some price spikes slow while others begin. But it’s a lot worse than it seems.
The State of the Small Business: Hiring Problems, Inventory Shortages, and Big Price Increases by Wolf Richter • Aug 10, 2021 • 99 Comments In the current era of Stimulus Good Times, with its huge kinks.
