great inflation

Gold: Big Difference Which Kind of Hedge It Truly Is

By |2019-08-30T16:16:19-04:00August 30th, 2019|Bonds, Commodities, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It isn’t inflation which is driving gold higher, at least not the current levels of inflation. According to the latest update from the Bureau of Economic Analysis, the Federal Reserve’s preferred inflation calculation, the PCE Deflator, continues to significantly undershoot. Monetary policy explicitly calls for that rate to be consistent around 2%, an outcome policymakers [...]

The Best Year In Over A Decade Confirms The Economy Still Near The Worst

By |2019-02-28T16:29:57-05:00February 28th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

A month behind schedule, Q4 GDP sure did disappoint. I don’t mean that it was disastrously weak, rather it came in right down the middle benefiting neither camp. The BEA’s not preliminary but not quite second revised GDP estimate for Q4 2018 was 2.55617% (seasonally adjusted compounded annual rate) above Q3. Not strong enough to [...]