With so little to like about Japan’s own economy, the Japanese long ago had come to count on putting their money and their efforts elsewhere. General fortune has therefore become a product of eurodollar fickleness; reflation in the global monetary system “allows” Japan a bit of additional breathing room. The economy picks up and confuses central bankers and Economists alike [...]
115.1 Why do US Treasury Bonds lose value 'every' August !?———Ep 115.1 Summary———US Treasury Bonds have lost a lot of value since August, and especially in the last weeks of September. Is it a taper tantrum? Are foreigners selling lousy Uncle Sam paper? Is it Armageddon (again)? No, this happens—incredibly—'every' August. But why?———Sponsor———Macropiece Theater with Alistair Cooke (i.e. Emil Kalinowski) [...]
Because it’s what you don’t see that ultimately matters, the public is left entirely in the dark unable to join what really should be easy dots to connect. Something is wrong, and pretty much everyone acknowledges this if in their own way. We can see the social and political disintegration before our very eyes, the anger, the “revolution”, even the [...]
Spend even a modest amount of time on the subject, and the distinct impression you are left with is that American ports and railyards are dealing with a truly epic jam because the economy has been so good there’s just too many goods for anyone to reasonably handle. Juiced by the federal government’s helicopters, Americans spent, spent some more, and [...]
We’ve got one central bank over here in America which appears as if its members can’t wait to “taper”, bringing up both the topic and using that particular word as much as possible. Jay Powell’s Federal Reserve obviously intends to buoy confidence by projecting as much when it does cut back on the pace of its (irrelevant) QE6. On the [...]
An integrated circuit (IC) is a set of electronic circuits put together on one small, flat semiconductor medium. We call this thing a chip, and it is essential for so much of what we do in the modern computerized, digital world. Manufacturers can’t even produce cars without them.It stands to reason, then, that any shortfall or hitch in the availability [...]
US factories are humming along, constrained only by supply issues which might occasionally limit production. That’s the story, anyway. There’s too much business because of them, manufacturers taking in only more orders by the day leaving them struggling to catch up.But what kind of stuff is it that is being ordered from our nation’s factories?Without thinking too much about it, [...]
Last night, Autodata reported its first estimates for September auto sales in the US. According to its own as well as those compiled by the Bureau of Economic Analysis (the same government outfit which keeps track of GDP), vehicle sales have been sliding overall ever since April. For a couple months in the middle of Uncle Sam’s helicopter-fed frenzy, the [...]
108.3 The Inventory Cycle is Coming!! (or is it?) ———Ep 108.3 Summary———Will 2022-demand be strong enough to absorb 2021-supply surges? A review of the US inventory cycle and how global covid-related restrictions have convinced retailers, wholesalers and producers to surge goods orders. If demand isn't there, they will have over-ordered. ———See It——— Twitter: https://twitter.com/JeffSnider_AIPTwitter: https://twitter.com/EmilKalinowskiAlhambra YouTube: https://bit.ly/2Xp3royEmil YouTube: https://bit.ly/310yisLArt: https://davidparkins.com/ ———Hear It——— Vurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr ———Ep 108.3 Topics——— [...]
Money, economy, income. Those are the three ingredients that make textbook inflation and keep it together. Money flowing naturally through the economy turns into organic income which if out of balance with the rest of the macro factors can create broad-based and sustained consumer price increases. If actually caused by the combination of those three, the result would be the [...]
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