Transitory categories such as airline fares and used cars and trucks posted huge price increases again in May. More importantly, shelter costs may be coming out of their slumber.
Today's topics include keeping an eye on unemployment, where are the bond vigilantes?, learning from past inflationary episodes, crypto regulation, Tether's footprint, a productivity boom, equity populism, could the fed taper MBS before treasuries?, tech stocks take a bite out of indices, on gold, cracks in the housing market, global wealth hit record in 2020, and the Fed buys bitcoin bonds
Jim Bianco: Deutsche Bank out with this siren that inflation is not just the biggest story of the year, but the biggest story of the decade! DB – Inflation – The defining macro story of this decade They fear it is going to get away from policy makers, as they are far too easy, and… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – June 9th, 2021
Today's topics include outcome-based Fed policy, rising wages, factors affecting the size of the work force, the bond market's summer snooze, the housing market, secured vs. unsecured bonds, a world awash in cash, and describing bitcoin as a mutating virus
Jim Bianco: Like I’ve often said, the conventional wisdom on Wall Street (seldom correct) is rates only rise for one reason, strong real growth. So break out into a chorus of “god bless America “ when they do. The shock will be the reaction when rates rise for that other reason, higher inflation. Twitter: Brian… Continue reading Bespoke Commentary from Bianco Research and Arbor Data Science – June 8th, 2021
Today's topics include in Yellen's defense on inflation, Warsh warns on Fed's average inflation targeting, are Treasuries' inflation signals distorted?, commodities' supply & demand, retail trained to buy the dip, private equity loves low rates, tax rates of the rich & famous, more on active managers' good month, the Colonial hackers & a transparent blockchain, and stablecoins being scrutinized
A replay of our June 10, 2021 conference call
Yellen frames higher rates as a positive that would point to a growing economy. This could also mean higher inflation, however.
Today's topics include debating inflation, the ECB & inflation, wage growth, betting on $100 crude, dissecting bubbles, dealing with base effects, spending stimulus checks, inflows into dividend funds, bitcoin vs. ethereum, and commercial paper