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  • US: Sticky Prices

    From spectramarkets.com

    Happy Friday the 13th. The USD keeps on ripping. Stocks keep on ripping. Crypto keeps on ripping. Everybody is getting rich! We continue to ride the soft landing wave as the Bigfoot recession (often spotted, never real!) will have to wait another year. You can now add “sticky inflation” to the list of things that might cut us down to size in Q1 2025. CPI came out this week, and the inflation story in the US is not great as the “sticky inflation” scenario gains more credence with every report. Headline, Core, Wages, Supercore, and inflation expectations all suggest that inflation has bottomed here—way above ... (full story)

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  • Dec 14, 2024 12:24pm Dec 14, 2024 12:24pm
Nearly every word here is an unadulterated nonsense. Soft landing? Bigfoot recession? "Sticky inflation?"

On inflation: The 2% target is here to protect against the dreaded disinflation when the prices drop uncontrollably, producers cannot recover their costs and a wave of bankruptcies ensues. The 2% inflation target, taken from the thin air but religiously believed by everybody, could be 1% or 3% just as well.
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