Trump versus Biden -- which of them is responsible for the inflation?

Economist Stephen Moore recently posted this chart to Twitter. Here is the hyperlink thereto:

Continue reading
  27 Hits

Federal Reserve official makes foolish prediction.

In recent months, Federal Reserve officials have made many predictions regarding inflation that have proved to be wildly erroneous (e.g., "inflation is likely transitory"). Well, this trend continues today, when Richmond Federal Reserve president Thomas Barkin stated that inflation was likely "on the back end," implying that, in the USA, the rate of inflation has peaked and is likely to decline in the future. Barkin added that it remained unclear how long it may take the inflation...

Continue reading
  23 Hits

October CPI a bit lower than expected.

The federal government has released its Consumer Price Index (CPI) data for the month of October, 2022, drawing comments from economic observers. The CPI for October declined somewhat, but not by much. According to Mike "Inflation Trader" Ashton, the "chance of more-lasting inflation just went up a lot."

Continue reading
  16 Hits

Comparative inflation rates

Many countries are experiencing heightened levels of inflation.

  33 Hits

Best sources of news about US inflation

There are many sources of news about US inflation, but I ignore most of them and instead cull and curate content solely from the best of them. 

Here they are:

  • First, Mike "Inflation Trader" Ashton's blog, titled "E-piphany,"  which is different from his second web site. I have disagreed with Mike Ashton several times in the past (mostly on SeekingAlpha), but concede that he has been writing about inflation investing long before most other trader-economists were. Indeed, he has styled himself as an "Inflation trader" for years. This trader-economist Mike Ashton should NOT be confused with Mike Ashton the CFA.  Furthermore, Mike Ashton the trader-economist apparently no longer posts articles on Seeking Alpha.
Continue reading
  19 Hits

Commentariat discusses depletion of the SPR.

A few weeks ago, IIT reported that the USA's oil stockpile, known as the SPR, was becoming seriously depleted due to the Biden administration's decision to sell that oil in order to lower oil's price just ahead of the Congressional mid-term elections.

Now, several petroleum market observers have begun to opine on the wisdom of this rapid depletion of the nation's oil stockpile, and this issue was actively discussed on Twitter in late October, 2022. For example, this tweet (from John Arnold) received 880 likes and about 140 re-tweets:

Continue reading
  21 Hits

Sheila Bair predicted the speculative bubble in US bonds years ago.

Sheila_Bair----Wikipedia-

Since 2008, a comparatively small set of smart observers have predicted that the combination of the Federal Reserve Bank's monetary policy and the Federal government's fiscal policy was putting the USA on the path to economic disaster. Today, I add Sheila Bair's name to the list of those prescient observers. Here is an excerpt of Bair's predictions from years ago (2012):

Continue reading
  316 Hits

Experts react to inflation data for September, 2022.

In the past two days, the Federal government (of the USA) has released the CPI (Consumer Price Index) and PPI (Producer Price Index) data for September, 2022.  Economists noted that the data were significantly worse than most of them had foretold. I list some of the best commentary hereinbelow.

Continue reading
  27 Hits

USA's oil stockpile (SPR) becoming seriously depleted.

The USA maintains a large stockpile of petroleum known as the SPR (Strategic Petroleum Reserve), which was meant to provide the USA with a cushion in the event that foreign oil supplies were interrupted. In recent months, the SPR has become seriously depleted.
Continue reading
  59 Hits

Recondite financial predictions from ZeroHedge

ZeroHedge (ZH) is one of IIT's favorite websites even though it occasionally publishes articles that are recondite and abstruse. Here is an example of such. Experts have long known that bear, stock markets occasionally experience sharp rallies before resuming their slide downwards. Apparently, ZH is simply pointing out that the possibility that the stock market is on the cusp of such a rally.

  13 Hits