At Least It’s Not As Bad As 1994
The current Treasury bear market has been impressive, and unfortunately for the bond bulls, there is no valuation reason for ...
Posting Hiatus
I have been busy with some consulting work, and will be travelling next week. Although I will be able to ...
The “Economists Monkeying With The CPI” Debate
Note: This is an unedited draft section of my inflation primer manuscript. It is is a chapter about misunderstandings/myths about ...
Inflation And The Labour Market
I have been seeing comments about how labour market models have been misleading this cycle. The fun thing about this ...
Jackson Hole Drive-By Comments
I did a short trip to Lake Placid New York last weekend, and largely missed out on the Jackson Hole ...
Stop Trying To Make BRICS Happen
BRICS was a brilliant bit of sell side marketing, but it has taken a life of its own. One needs ...
Castillo-Martinez And Reis Article On Interest Rates
One of the interesting features of neoclassical macro is the vagueness of how the models are supposed to work. One ...
Inflation Or Nominal GDP Targeting? Whatever.
Nominal GDP targeting is the latest mainstream fad, which is allegedly going to improve central banking when compared to inflation ...
Decoupling
Although I am not a forecaster, I periodically comment on what I would probably be looking at if I attempted ...
Advantages To Procedural Changes In Bond Market?
From my recent Torrens Zoom call, I ran into questions about procedures in the government bond markets. The main question ...
Went Fishin’
Been quiet recently since I was off for a couple of weeks in Jolly Old England. This was a trip ...
40 Million Canadians!
The estimated population of Canada has reached 40 million (link to Statistics Canada information). Although reaching that level is not ...
Bernanke & Blanchard Paper Comments
Ben Bernanke and Olivier Blanchard recently published “What caused the US pandemic-era inflation?” The paper creates a basic model for ...
Greedflation: Understanding the Impact of Greed on Inflation and the Economy
Greedflation: Greedflation: the convergence of greed and inflation, two powerful forces that shape the economic landscape. In this comprehensive article, ...
U.S. Breakeven Inflation Comments
U.S. Breakeven Inflation I recently reviewed a breakeven inflation chart and noticed some interesting trends. In this article, I will ...
Sellers’ Inflation
Definition and concept of seller’s inflation Seller’s inflation refers to the phenomenon of rising prices and increasing costs of goods ...
Primer: The Cantillon Effect
The Cantillon Effect is the label applied to a process described in Richard Cantillon’s , «Essai sur la nature du ...
Understanding the Money Multiplier in the Bond Market
Money Multiplier in the Bond Market Discover the power of the money multiplier in the bond market. This comprehensive article ...
Another Bank Bites The Dust
First Republic Bank was forced into a take over by J.P. Morgan Chase, and was yet another Californian victim of ...
The Canadian “Fiscal Crisis Of 1994-5”
I have now arrived at the part of the preparation for my panel that I have dreaded: the Great Canadian ...
IMF WEO Debt Reduction Chapter
The International Monetary Fund (IMF) has recently published its World Economic Outlook (WEO) which has a combination of a report ...
Tax And MMT Mudslinging…
I have been tied up courtesy of a major power failure, Easter, and other family obligations. Over the weekend, there ...
Public Pensions And Net Debt
Some Canadian conservatives were predictably angry last week when the Federal Liberal government highlighted Canada’s relatively low net debt. They ...
