Charts of the Week
A Long-Term Look at Inflation-Adjusted Gold
January 21, 2022
A long-term look at inflation-adjusted gold
A long-term look at inflation-adjusted gold
Some interesting charts from our recent posts
Today's topics include Biden green lights Fed tightening, Jim discusses Defi and crypto regulation, omicron's effect on the labor market, the transitory argument, Lagarde pumps breaks on faster tightening, inflation expectations as a driver of actual inflation, comparing small-cap & large-cap valuations, UK households face higher costs in April, VCs rushing into crypto world, and CBDCs
Fund managers continue to believe the Fed will not be aggressive in tightening because inflation is transitory. Do they fail to understand the impact inflation is having on politics and the enormous political pressure the Fed is under?
The Fed's holdings of Treasury securities continues to grow and remains larger than all other central banks' holdings combined.
Today's topics include Jim discusses markets & economy, Bund goes positive, China's economic normalcy decreasing, wild ride for oil on the way, is this time different?, shrinking balance sheets, rising prices, booming inflation outside the US, and HFTs in crypto?
Desperate politicians will do desperate things, like attempting to enforce price controls. So, to head this off the Fed will step in with aggressive tightening. And by doing this, they will risk doing what they too often do, hiking rates too much and breaking something.
Q4 2021 earnings season is underway with 20 (4%) S&P500 companies already reporting results. Earnings growth is expected to be 21%.
Today's topics include yield curve continues to flatten, omicron's hit to the economy, job growth by state, nothing to fear except fear itself...& hawkish central banks, maybe profits matter after all, real wages falling in the UK, more on the relationship between real yields & stocks, shipping costs & inflation, supply chain issues hit grocery stores, insurers moving away from bonds, and a look at Sarah Bloom Raskin's Fed resumé