Archive for June, 2021

Why “Persistent Inflation” Will Become an Intense Fire Tornado, Greater Than the Fed Even Imagines

Posted June 25, 2021 By David Haggith
Katelynn & Jordan Hewlett, AP, CC BY-SA 4.0 , via Wikimedia Commons

In my last article, I broke apart the arguments that are popularly used against my prediction that inflation will spiral up hotter than the Fed thinks and last longer. In this article, I lay out arguments that are being raised by others and myself for why inflation will run hotter, reaching higher for longer.

Be the first to comment
Filed in Economic Predictions, Premium Posts | Tagged: , , , ,

The Best Arguments Against “Persistent Inflation” Have it Wrong

Posted June 22, 2021 By David Haggith
Burning hundred-dollar bill

This past week we saw the Fed make a significant change in its predictions about inflation, raising the rate it thinks we will have averaged at the end of a year by another one percent. That means, quite simply, the Fed was wrong about how high inflation would go up to the last meeting, and […]

Be the first to comment
Filed in Premium Posts | Tagged: , ,

Fed Falters, Stocks Stumble, Bonds Bounce

Posted June 16, 2021 By David Haggith
Federalreserve [Public domain], via Wikimedia Commons

The Fed candidly admitted today’s soaring inflation is not what it had in mind, though it certainly is exactly what I’ve had in mind: At a news conference after the Fed’s statment [sic.] was released, Chairman Jerome Powell said he expects that inflation will be short-lived but acknowledged that it has run hotter than the […]

Be the first to comment
Filed in Uncategorized | Tagged: , , ,

Inflation Rises Faster than the Fed Expected, Giving Fed Less Time Than it Needs

Posted June 13, 2021 By David Haggith

Economists — including those at the Fed — were surprised by inflation again. With their consensus view being that inflation for June would print at about a 4.7% increase year-on-year, inflation barreled in at 5%. That took us back to the kind of inflation we saw in 2009 when the economy and stocks were falling […]

Be the first to comment
Filed in Uncategorized | Tagged: ,

Inflation’s Heat Signature Is All Over the Economic Map

Posted June 5, 2021 By David Haggith
By Tech. Sgt. David McLeod (Defenseimagery.mil, VIRIN DF-ST-92-09166) [Public domain], via Wikimedia Commons

Let’s look at what has continued to develop with inflation in the short time since my May articles on the subject because inflation is going to cause the Fed’s “Great Recovery” but burn up in its own incendiary blast. A rapid spread of fiery inflationary data lit up the landscape last week:

Be the first to comment
Filed in Uncategorized | Tagged: , , , ,

Fed Falls for its Own Inflation Fakery

Posted June 4, 2021 By David Haggith

The S&P 500 failed a breakthrough on Thursday and tucked its head back below its 4200 ceiling again, where it has remained rangebound for weeks. Job news on the economic front that many analysts toasted as great could not lift sentiment out of the doldrums on Thursday, nor could it stop Netflix from making its […]

Be the first to comment
Filed in Uncategorized | Tagged: , ,