
Since 1993
With apologies for the frequency of expletives this week: Red f-cking alert.
Five- to 10-year inflation expectations on the University of Michigan's closely-watched measure just stormed higher for a second month, hitting 3.9%. Add as many exclamation marks as you like, because if you know anything about that series, 3.9% is disastrously high.
Recall that last month, the same survey-derived metric unexpectedly rose to 3.5% in the final read. That was a 30-year high on its own. Now, we're lookin
I’m actually pleased that Main Street seems to be responding to uncertainty and irrationality …. it investable imho, and maybe becoming unlivable … yahoo!
I really meant to type UN-investable, but my fast fingers got the best of me
The path forward is full of peril.
No worries folks. Lutnick is already out there suggesting that expectations for stock and bond prices should be added to all data series measuring inflation expectations. That should fix it.
Question: would Fed raise rates if inflation expectations are mostly linked to tariffs? That would just make it worse for households?
I will sum up the tiny sliver of a silver lining I am clinging to with the “Trump 2.0 train wreck” with two words: “mid terms”