As I’ve written about extensively, we know the Federal Reserve has painted itself into a corner where it is now pressured to start tapering its quantitative easing earlier than it had been indicating. Now we are seeing signs that the bond market isn’t liking the news out of the last FOMC meeting, which hinted strongly […]
Archive for September, 2021
Stocks and Bonds Starting to Tussle
Posted September 27, 2021 By David HaggithTextbook Stagflation Rising Faster than Any Time Since IHS Began Tracking
Posted September 23, 2021 By David HaggithInflation is now rising faster than anything IHS Markit has ever seen in its Purchasing Manager’s Index, but it gets worse: It is not just cost outputs to consumers that are being passed along, but the rise in new input costs has also picked up pace. That means even higher price increases are building up […]
Biden’s Tax & Vax Plan May be Straw that Breaks Wise Men’s Camels’ Backs
Posted September 13, 2021 By David HaggithJoe Biden is looking a little Grinchy, having decided to fire the unvaccinated across America as we head toward the holidays. Even though the end of enhanced unemployment benefits has not brought back millions of former employees who’ve held out since the COVID lockdown, Biden decided it would be wise to fire a lot more […]
Fed Caught in the Jaws of Stagflation: Times of Trouble for Stocks or Bonds or Both
Posted September 7, 2021 By David HaggithStagflation is showing up in data points and articles everywhere now. Delta worries, labor shortages and fading Washington stimulus — it’s enough to cast a chill on the U.S. economy this fall. A bevy of Wall Street forecasters chopped their targets for U.S. growth after a poor U.S. jobs report for August. The government on […]