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Fed Ponders Stagflation In Ugly Price, Spending Release
While previewing this week's marquee US macro release, I noted that although the official consensus
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The overpaid economist joke is getting a little old chief.
I think the problem is that economists (should I put that in quotes) like Kevin Hassett and Peter Navarro could be included in the group.
Not to worry, Trump told automakers they better not raise prices. So price controls are next.
Before or after a cap on the 10 year?
Remember what happened when Tricky Dick tried those. I was directly involved in that mess on the corporate side and my cousin was Counsel to the House and co-wrote the legislation. To say what happened violated community morality would be putting it mildly.
How do de-globalization and reshoring to the U.S. impact inflation, both domestically and globally, in the short and long term?
Increases prices for everyone via higher costs. Optimistically, could increase wages for a very small pct of popln via higher manufacturing employment.
I’d agree but there are not enough people to hire for the jobs that will be needed.