Mainstream economics would put it this way: Inflation risk to long term growth vs short term growth risks So on the inflation side: CPI year
Major themes intact: weak economy higher prices Weakness: US demand soft but supported by exports. US export strength resulting from non resident ‘desires’ to reduce
Looks like it will take a very large drop in home prices to slow the ‘pull’ on owner’s equivalent rent (the basis for the CPI
Home loan demand surges to near four-year high By Julie Haviv (Reuters) U.S. mortgage applications surged last week, with demand hitting its highest in nearly
He is currently leaning towards cuts, but watching carefully for signs of improvements in market functioning and output, and aware of the risks of his
(email with Randall Wray) On Dec 15, 2007 9:05 PM, Wray, Randall wrote: > By ________ > > This time the magic isn’t working. >
(an interoffice email) > > > > Mkt did not like the Fed move today- IG9 went from 70 out to 78.75 after the >
Labor markets remain stronger than expected, right up through this morning’s Manpower survey for next quarter. Inflation risks remain elevated, with estimates of 1.5% PPI
Yet another shoe that didn’t fall. No business interruption, no change to aggregate demand, a relatively few layoffs over time, and this is a major