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Comments On Asset Prices And Inflation Targeting
Image Source: Pexels Even if one believes that asset price increases represent inflation, the general reaction among North American central bankers would be to think you are crazy if you think asset prices should be included within an inflation target mandate. (I am less sure about the reaction of Continental European central bankers.) Although they might accept that […]
What’s The Outlook For U.S. Q1 Earnings Season?
Video Length: 00:08:46 On the latest edition of Market Week in Review, Investment Strategist BeiChen Lin and Sophie Antal-Gilbert, Head of AIS Portfolio & Business Consulting, discussed the outlook for the U.S. first-quarter earnings season. They also chatted about how this year’s anticipated U.S. Federal Reserve (Fed) rate cuts could impact the real estate market […]
March Recap: 7 Largest American Cannabis MSOs Up 19%, On Average
Image source Introduction Germany passed legislation in March legalizing the sale of cannabis there which contributed to a 19% surge in American cannabis MSO stocks in March. The munKNEE American Cannabis MSO Stocks Index Below is how each of the 7 constituents in the above Index performed in March and how well they have performed YTD: Ayr […]
Fiscal Collapse Accelerates
In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood for 231 years.In raw numbers, the latest numbers for Q4 2023 show Treasury issued $7 […]
Real Personal Income And Spending: If Last Month Was “Goldilocks”, This Month Was Close To “Anti-Goldilocks”
Personal income and spending has become one of the two most important monthly reports I follow because it nets out the impacts of higher interest rates and abating inflation due to the unlinking of the supply chain. To repeat, the big question this year is whether the contractionary effects of Fed tightening have just been […]
Is The Natural Rate Of Unemployment Turning Higher?
In California, the minimum wage has risen to $16.00, vs. $7.25 in Texas. Even adjusting for differences in the cost of living, the rate in California is much higher. Of course, most workers earn more than the minimum wage, but I suspect that union wages are also higher in California. For instance, consider this recent […]
PCE Price Index Up 0.3% In Feb, In Line With Expectations
Image courtesy of 123rf.com The U.S. Bureau of Economic Analysis reported a 0.3 percent increase in personal income for February, amounting to a $66.5 billion rise from the previous month. Disposable personal income (DPI) also saw a 0.2 percent increase, equating to a $50.3 billion uptick.The primary drivers of the personal income growth were increases in compensation and personal […]
Bank Of America Stock Price Target Raised Ahead Of Q1 Earnings
Image Source: Pexels Bank of America Corp (NYSE: BAC) has gained about 50% since late October but a Wells Fargo analyst is convinced it is not out of juice just yet. Bank of America stock has 16% upside Mike Mayo reiterated his “overweight” rating on the investment bank this morning and said its shares could climb […]
Spending, Income, And Inflation Data Do Not Support Fed Interest Rate Cutsz
Chart from the BEA, highlights and blue captions by Mish. Personal Income and Outlays, February 2024Nothing about the BEA’s Personal Income and Outlays report for February 2024 suggests the Fed should cut interest rates at its next meeting. Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February. Disposable personal income (DPI), personal income less personal […]
Poland’s CPI Below Central Bank Target As Food Price War Rages On
Image Source: Pexels CPI inflation moderated in March to 1.9% year-on-year from 2.8% in February, falling below the central bank target of 2.5% (+/-1pp), the second consecutive decline in food prices linked to a price war among large retailers. Inflation should bounce back in the second half of 2024 on higher VAT on food and normalisation of energy prices for households.In line […]
