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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

ECONOMIC EVENTS

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...

* Wed. Oct. 20 @ 2:00 pm ET - Beige Book Report

* Tues. Oct. 26 @ 10:00 am ET - CB Consumer Confidence

* Fri. Oct. 29 @ 8:30 am ET - Core PCE Price Index m/m Data

* Wed. Nov. 3 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference

* Fri. Nov. 5 @ 8:30 am ET - Employment Data

*  Tues. Nov. 9 @ 8:30 am ET - PPI m/m & Core PPI m/m Data

* Wed. Nov. 10 @ 8:30 am ET - CPI m/m & Core CPI m/m Data

*  Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Consumer Sentiment

*  Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Inflation Expectations

* Tues. Nov. 16 @ 8:30 am ET - Retail Sales & Core Retail Sales Data

* Wed. Nov. 24 @ 2:00 pm ET - FOMC Meeting Minutes

*** CLICK HERE for link to Economic Calendars for all upcoming events.


Saturday, June 12, 2021

Inflation...Transitory Or Permanent? HINT: Bubblegum

* See UPDATES below...

I don't wish to be rude or flippant, but it seems that the big takeaway from the question/study of economic inflation theory -- Is it 'transitory' or permanent? -- is that:
  1. Economic theory is irrelevant.
  2. There are factors affecting inflation.
  3. But these factors are unpredictable.
  4. So, inflation projection could go up or down on a variety of modelling scenarios.
My 2 cents' worth...The days of buying "Dubble Bubble" bubblegum with FREE Comics & Fortunes for 1 cent during the 1920's are long gone...Check out Walmart's price now...


So, I'd say that inflation will keep rising over the coming months and years. The U.S. National Debt is not going to shrink or disappear; rather, it's accelerating, thanks to out-of-control spending by Washington and the White House. Check out the cost of bubblegum this time next year, and see.

Bubblegum...a good inflation gauge, no? 😏

By the way, at what level does inflation become a national security threat?

P.S.

Source: ZeroHedge

* UPDATE June 16...

The Fed seems to be waking up to the notion that inflation may not, in fact, be 'transitory' as they've been vigorously proclaiming for the past several months...although, "two rate hikes by the end of 2023" may be too little, too late.

Source: ZeroHedge

* UPDATE June 25...

To bolster the idea that inflation may not be 'transitory,' there's this...

Source: ZeroHedge

* UPDATE July 13...

Yes, inflation is still here...and supersized...as per CPI data released today...

Source: ZeroHedge

Source: ZeroHedge






* UPDATE July 14...

More inflation-confirming numbers (PPI & Core PPI) released today...

Source: ZeroHedge



* UPDATE July 21...


N.B. Read more on inflation here and more on national security here.