inflation

See America’s income inequality grow during 1979-2011, a driver of Campaign 2016

By / 15 Comments / 11 July 2016

Summary: To understand this election we must see the accumulated stresses which produced the insurgencies in both parties. Rising income inequality — “the hollowing out” of the middle class and rise of the 1% — is probably the biggest, yet still poorly understood (until recently conservatives denied it). This great study by one of our …

See America’s income inequality grow during 1979-2011, a driver of Campaign 2016 Read More »

The US economy flies into the “coffin corner”, but we don’t mind!

By / 2 Comments / 30 October 2015

Summary: Every year Wall Street economists see a spike in a few indicators and announce an imminent boom. This slowly fades away, leaving another year of slow growth — preventing full recovery from the crash. Readers of the FM website have seen this accurately reported since the crash, avoiding the boom-bust cycle of of crushed …

The US economy flies into the “coffin corner”, but we don’t mind! Read More »

3 graphs tell the story about the US economy, hidden amidst the noise of the jobs report

By / 22 Comments / 8 October 2014

Summary:  We’ve reached a critical point in this business cycle. We enjoyed the years of fiscal and monetary stimulus; now comes the dismount. Only after the stimulus ends will we learn the true strength of our economy. Today we look at the monthly jobs report, perhaps the single most important indicator. Three graphs tell the story, …

3 graphs tell the story about the US economy, hidden amidst the noise of the jobs report Read More »

The Economist recommends taking the easy path to inflation. But what if it’s closed?

By / 18 Comments / 17 November 2014

Summary:  If the great monetary experiments underway in Japan and America succeed, then the world will change. Aggressive fiscal and monetary stimulus will become routine, even normal. For better or worse. Already the normalization process has begun by people unaware that in this new century the easy path to inflation has been closed, with as …

The Economist recommends taking the easy path to inflation. But what if it’s closed? Read More »

Are we following Japan into an era of slow growth, even stagnation?

By / 31 Comments / 20 June 2016

Summary: Understanding events requires not just see what’s happening today and guessing about the future, but also grading past expectations vs the actuals. Otherwise we live in the now, like cats, with little ability to shape our world. This is one way, perhaps the best way, to evaluate experts in fields other than our own. …

Are we following Japan into an era of slow growth, even stagnation? Read More »

Scroll to Top