Sentiment Issues
There are several aspects to recent sentiment readings that are worth exploring. The University of Michigan Consumer Sentiment Index...
Sometimes, they just want to take ’em higher: PPI versus CPI
“In terms of what it actually tells us about overall inflation, I’m not sure it’s all that important.”-Jan Hatzius, chief United...
Truck Price Pressure Drives Core PPI Lower
Today’s data release got the party rolling: Core PPI (excluding food and energy) fell 0.3%, the first such drop since October...
Inflation Data: Accuracy versus Precision (as if either matters)
One of the more interesting issues of any modelling or statistical work is whether they have the attributes of Accuracy or Precision....
The S-Word
David Merkel at RM notes that as controversial as the word "Stagflation" is, it is getting more popular as "references to...
New Column up at Real Money (08/10/06)
Norm Conley of the The Street.com and I were discussing the Market reaction post Fed, and we each were wondering why 1980 seems to be...
Beware Periods of Crisis Post Fed
More views on when the Fed stops, via WSJ’s MarketBeat: "David Rosenberg, chief North American economist at Merrill Lynch,...
What are Inflation Expectations?
Another terrific chart from the fine econ wonks at the St Louis Fed:click for larger chart Note the original is Black & White, and I...
Conflicting Trends: Inflationary Wage Increases and Rising...
Short but sweet from Barron’s Alan Abelson this morning: "How bad was the employment report? Bad enough. Compared with the...
NFP: Final Piece in Fed Puzzle?
Everyone’s favorite datapoint is out today: Non-Farm payrolls gets released at 8:30. Of course, I am sticking with the...