SUPD: Elon Musk, AI, Bad Models & Housing
Last week, in anticipation of the FOMC meeting, I hopped into the shed with Pete Dominick, and as always, we BS...
2% Inflation Target is Silly
One of the more foolish arguments1 that seem to be emanating from the Fed about their intention to raise rates another quarter...
12 Things Everyone Got Wrong About Inflation
On today’s show I join Downtown Josh Brown to discuss my recent piece “A Dozen Contrarian Thoughts About Inflation.”...
A Dozen Contrarian Thoughts About Inflation
BLS reported the Consumer Price Index was up 3% year over year in June. It has been a near round trip from the prior...
More Inflation Expectations Silliness
This morning, the WSJ reported that “Consumers expect to see 4.1% inflation a year from now, the lowest such reading in two...
SUPD: Inflation & The Fed
Pete & I discuss Inflation, the Fed, and even get into Swiss Banking Secrecy laws. Its a fun romp through current news...
Are Labor Costs Driving Inflation? (No)
“Tight labor markets have raised concerns about the role of labor costs in persistently high inflation readings....
POS Tip Demands Are Driving Inflation Higher
I have a new thesis I have been noodling around with: All of those Square credit card processing machines you use to pay for...
Inflation Expectations Are Useless
Jerome Powell and the Federal Reserve spend a lot of time worrying about Inflation Expectations. They shouldn’t. Generally,...
3% or Bust
First, the good news: Consumer Price Index (CPI) came in modest at 0.4%, with a year-over-year print of 4.9%. I love the 4 handle...