Jerome will think of a new word when everybody gets tired of hearing about inflections. Parabolic? Greenspan owns exuberance.

"Accumulated" - it is unclear how much he made by trading and how much was actually capital provided by other people. In light of recent trading performance, practices he adopted some years ago, and the non-transparency of exactly what he was doing, ...

hmm, edited, I commented on the 2020 trillion $ "injection" and exactly when did the Fed outline (I know of only very recent announcements about Powell's tool) but I'm going from memory and that is non-existent today. Anyway. That's a nice chart of ...

Technically, I'd like to see individual figures for the last 12 months. Only 7 are provided, and for example the seasonally adjusted All Items since and including September to March is 2.17%. That's 7 months. 12 months is 2.6%. So that leaves 5 ...

Go woke, go broke.

Many learned books and academic careers have been devoted to this question over the millennia. Think about first principles. Keep it simple and logical. At the level of a household. Parent/child. Then ask the next question.

While we are all learning and becoming acquainted with mathematical terms like "inflection", another word I'd watch out for in the future is inertia. Good luck with putting the brakes on if and when some uncomfortable rate of inflation knocks on the ...

Or in a year? There will clearly be other thought bubbles like this 400 billion "clean energy tax credits" thing that someone probably scribbled on the white board along with a heap of other crazy stuff that didn't make the first cut. I'm not ...

Off topic, but with all this recent incessant non-stop chatter about CPI and expectations - some may recall the proposed introduction of a CPI futures contract in the 90s (?). I am not sure if anything happened, but in any event, they got it wrong. ...

A bit like Tom Cruise jumping on Oprah's couch?

Yes, I've seen the movie "Being There" as well. Its a little slow and drawn out, but there is Peter Sellers and Shirley MacLaine. Others have noticed similarities between advice provided like this and that of Chauncey Gardiner. url

Yes. There is one clever way around avoiding this, and its been around for quite a while and by all reports is very successful - micro loans. They go straight to the community (however defined) for a specific purpose. Avoids money passing through ...

Its probably just me, but I think that whatever it says is the opposite of what is actually good public policy.

" Our tax revenues are already at their lowest level in generations, and as they continue to drop, the country will have less money to invest in airports, roads, bridges, broadband, job training, and research and development." Thankyou for stating ...

Just a week or so ago I was reading how the Fed has already significantly tapered its QE from last year when it was buying all manner of rubbish that came down the drainpipe. Now its much more focused buying. I guess they mean tapering the buying of ...

In constitutional monarchies this is a virtue. The less that the Head of State actually does (although they do have significant reserve powers), the better.

"He's Very Confident Fed Will Be Adjusting Policy If See Too-High Inflation" Like Mr Volcker oversaw Fed rates at 20% to snuff out inflation? That's what it takes, boys and girls.

"They" want inflation. Lots and lots. For reasons.

And so says Mr Goldman Sachs. The fox in charge of the chicken pen.

Conspiracy moment - I sometimes wonder whether the elites make things broke deliberately. To provide them with an excuse for proposing "reforms" that would be otherwise unacceptable to most people and countries if things were not broke. Watch this ...