It’s time for a detailed note on the political circus in Washington DC gyrating over the debt ceiling.
Continue readinginflation
What would you do, if you were me?
Be honest, who hasn’t had someone seek advice with that question?
Continue readingPlease Sir, I want some more
I accidentally stumbled onto the website of the Reserve Bank of Australia (RBA) on a recent search for inflation data. Trust me, it was an accident. While I sometimes visit the RBA site for a laugh, I never go there to learn anything.
In this case, the RBA page gave an explanation of the causes of inflation. Stop me if you’ve heard this before: demand-pull, cost-push and inflationary expectations. Yawn. Decades after the twitterings of Keynes and Samuelson, the modern day RBA types still believe that rubbish.
The unwelcome return of the Gold Standard
Imagine you were to pen a letter to the editor of any major newspaper predicting that the world’s major economies would be going back on a currency gold standard. Imagine, assuming the letter was published, the gales of laughter from the readers.
Continue readingInflation Bulletin
March 2023 quarter data have been released. Time for an update.
Continue readingWhere is Ignominy?
I’m not entirely sure where Ignominy is but I do know that lots of things end up there. It is common to hear of this or that ending up in Ignominy. Perhaps I should look it up on Google Maps.
Continue readingJust go
The Reserve Bank of Australia has finally admitted that “we did a terrible job.”
Continue readingKilling the cost-push inflation Hydra
Some myths never die. Just last month the Financial Review newspaper in Australia ran an opinion piece written by a senior portfolio manager at an investment management firm. The topic was inflation.
Continue readingClueless Central
The Australian central bank governor says he doesn’t know how high interest rates will have to go to get rampant inflation under control. That may be the first thing he has said that I believe.
Continue readingI’ve got another plan, this time it will work
Less than a fortnight after releasing his first plan, Australian Treasurer Jim Chalmers has announced another plan.
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Australian Actuary 