Luke Gromen's has been beating the drums that debt/gdp & deficits/gdp levels are inflationary at these high interest rates. I subscribed to both but Luke Gromen was well ahead of Lyn Alden. Gromen thinks we've seen the bottom of inflation given labor shortages & manufacturing/construction spending ramp-up.
Great post! Yay. Less hype and way more thoughtful analysis.
I’m very familiar with Lynn Alden and her excellent work. And I agree with you that attitudes and the overall “collective consciousness” is likely to hold down the CPI a bit more than some are factoring in....... At least until the Fed has to restart the money printer next year to fund the huge fiscal deficit. Keep up the great work.
Maybe the two theses aren't conflicting. Deflationary in the short term while inflationary in the long term. It’s all about timing.
Luke Gromen's has been beating the drums that debt/gdp & deficits/gdp levels are inflationary at these high interest rates. I subscribed to both but Luke Gromen was well ahead of Lyn Alden. Gromen thinks we've seen the bottom of inflation given labor shortages & manufacturing/construction spending ramp-up.
Great post! Yay. Less hype and way more thoughtful analysis.
I’m very familiar with Lynn Alden and her excellent work. And I agree with you that attitudes and the overall “collective consciousness” is likely to hold down the CPI a bit more than some are factoring in....... At least until the Fed has to restart the money printer next year to fund the huge fiscal deficit. Keep up the great work.