Breaking News #2: The Drumbeat of Inflation
August 17, 2023·16 comments·In Brief
The recession-is-coming narrative is dead and the inflation-is-over narrative is dominant, making the Fed’s job that much harder and making resurgent inflation that much more likely.
Now about those 10-yr Treasury yields ….
DISCLOSURES
This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.
Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
Comments
Bidenomics™ !
Thanks. Peter. Good answer.
Not a model, but I have reference points regarding economics if that’s what you mean.
For example, a couple of years ago when the government spent money recklessly ( they’re still doing that) and then the Fed literally printed the money to “pay” for it ( they stopped doing that) I was alert for a change in the course of Inflation. I thought it would happen .
My point of reference is that it’s not greedy capitalists that cause inflation, it’s government spending combined with loose monetary policy that cause it. I don’t think of that as a model, more like a principle.
More directly I suppose, I am asking if you have a replacement model, understanding, perception or conception of mass commercial social interactivity. It is a difficult question. It is entirely fair if you don’t thoroughly answer it just because I would like to know.
Hi James, I don’t think I understand your question
Peter, you have greatly piqued my curiosity. Economics is a sizeable component of our societies. I make no judgement here on the validities intrinsic to individual schools of its doctrines. That which I am most keen to know is your sense of identity, or more specifically position, in the social makeup that intellect inhabits; if I could be so bold to ask possibly a difficult question; where do your salient thoughts now swim in what to my mind is a mass-economism dimmed tide?
Economics is not a science at all.
Spoken as an economics major and a former denizen of the macro-economics investment persuasion
A very public inflationship.
I was imagining the common knowledge of inflation as a “Mission Accomplished” banner on an aircraft carrier.
But economics is a stunted science. Its form does not evolve as it naturally would. Its practitioners are not free to express at the limits of their cognition.
Physics has relate, relation, relative, relativity.
Economics has inflate, inflation, yet no inflative or inflativity.
Maybe English will lose this little skirmish?
Continue the discussion at the Epsilon Theory Forum...