Displaying all articles tagged:

Inflation

  1. Trump Bashes Fed for Interest Rate Policy He Once SupportedHe really does not seem to understand that presidents are supposed to shut up about the independent Fed’s policies.
  2. Most Americans’ Wages Have Actually Declined Over the Past YearRising inflation has consumed the working class’s modest wage gains, leaving most Americans’ real incomes 0.1 percent lower than they were a year ago.
  3. Is Trump’s Battle With Amazon Like Kennedy’s War With U.S. Steel?JFK thought U.S. Steel’s CEO reneged on a deal needed to keep the economy stable. Trump’s attacks on Amazon may really be about the Washington Post.
  4. Trade War Fears Freak Out Markets, Which Should Freak Out TrumpThe stock market has been Trump’s best friend. That isn’t necessarily going to be the case going forward.
  5. Latest Jobs Report Is a ‘Dream’ for Wall StreetStrong employment growth and low wage growth is just what the doctor ordered for stocks. But a possible trade war still looms.
  6. The 3 Claims Republicans Are Making About Their Tax Bill’s EffectsSome of the good things tax cuts produce are ephemeral; others could backfire.
  7. No Longer a ‘Blip’: Stocks Skid Yet AgainIt’s now officially a “correction,” but the volatility may continue.
  8. the national interest
    Inflationista John Cochrane Wrong But Not SorryWe can see the new goalposts somewhere off in the distance.
  9. the coming econopocalypse
    Bring On the Dancing Gold BugsThank you, inflation.
  10. economic indicators
    Meredith Whitney Has Something Good to Say About the EconomyFor a few seconds at least.
  11. international intrigue
    China’s President Comes to Washington, Negs the DollarHu Jintao: A dollar-based currency system is a “product of the past.”
  12. managed expectations
    Inflation, Here We Come?Ben Bernanke promises to spend $600 billion so America doesn’t turn Japanese.
  13. homes for everyone!
    John Paulson Would Like You to Buy As Many Homes As You CanBuy your sister-in-law’s nephew a home!
  14. white men with money
    Among Other Things, Eliot Spitzer Has Contributed to Hooker Inflation When we were little, our grandpa used to tell us stories about the olden days. “Used to be, you could get a hooker for a dollar!” he’d say. “Those were the days.” Sigh. If Grandpa had seen the complaint filed in the bust of Emperor’s Club — well, he’d have about keeled over. The preferred escort service of former governor Eliot Spitzer, according to the complaint, charged between $1,000 and $5,000 an hour. And, as one potential prostie was heard to complain, that didn’t even include dinner. Inflation affects even the oldest profession, and according The Wall Street Journal, the “wealth boom — and the explosion in the number of multi-millionaires — has created entirely new pricing levels for escorts.” Of 661 people who own private jets, a survey from Prince & Associates, a Connecticut-based wealth-research firm, found, 34 percent of males and 20 percent of the females had paid for sex. And that’s just of people who owned private jets. If you apply those percentages to, say, people who own BMWs, that’s enough to skew the numbers for everyone. But at least one thing remains the same since Grandpa’s* day: The most popular reason the people surveyed gave for using escorts was “unique experiences.” How the New Rich Are Changing the Oldest Profession [WSJ] Earlier: You Can Say This About the Girls of the Emperor’s Club: They’re No Morons *We made this bit up. Our real Grampy, God rest his soul, was a wonderful man and a devout Catholic who never ran with loose women. With the exception of his second wife. But they were married.