When The Great Recession Blog was conceived back in early 2011, I wrote the following statement to my friend Stan who was thinking about developing a website of his own, which became the core theme for this site: I think focusing on the economy from the perspective of economic sustainability might be better. I don’t know if […]
Archive for August, 2021
Fed-up and Failing: How FedMed Killed the Patient
Posted August 30, 2021 By David HaggithInflation Growing More Persistent
Posted August 26, 2021 By David HaggithI want to thank my patrons for hanging in there with me while my writing has been less frequent than you deserve. I’ve been battling with COVID for the past two weeks while also in the middle of a house move, but I hope now to get more on track as I seem to have […]
Is Inflation Cooling and Putting in a Top? Could it be that I was wrong?
Posted August 17, 2021 By David HaggithTo keep it simple: Nope! Not this time anyway. That is, however, what you hear from the wistful market makers who want to see last week’s CPI release as proof inflation was “transitory.” Let me disabuse you of that fantasy entirely.
Stocks Wince Because the Stagflation Party Has Arrived
Posted August 5, 2021 By David HaggithThe past week has been a story of stagflation infecting the US economy while the stock market grimaces as Fed officials express the need to start a gradual pullout from economic stimulus much sooner or face a rapid pull-out a little later. Word on the Street has been that inflation is coming hot and heavy […]