Page 4 - Team Transitory News Today

Were we all equally wrong, or were some more equal than others?

Yet more weak US inflation data saw the price of gold rise for Dollar investors but hold flat for 2023 so far in Euros and show a 2.5% fall in UK Pounds year-to-date as other global data challenged the soft landing outlook

If inflation is falling, why do so many prices remain stubbornly high?

In attempting to fix its mistakes, the Bank risks causing even more economic damage

When the recession comes, I warned, it will be severe and protracted, with widespread financial distress and debt crises.

The key question in the short run is how much this effort to avert a banking crisis is going to undercut the effort to bring down inflation.

Between war, interest on the debt, and regulation, we’re already facing US$4 trillion a year. This is equivalent to spending about 85 cents of every dollar of federal tax income on things that ‘The People’ don’t really want or need…things that will make us all poorer.

Even as debate rages over whether inflation was caused by pandemic disruptions or excessively expansionary policies, it’s clear it’s too high.

The services sector index for February shows that progress on inflation has definitely stalled as demand for services remains strong.

If you aren’t feeling a bit lost, you aren’t paying attention.