Global Macro

Transitory Is ‘Dirty Word’ as Inflation Lasts, Fed’s Bostic Says

https://www.bloomberg.com/news/articles/2021-10-12/fed-s-bostic-says-transitory-is-dirty-word-as-inflation-lasts

It used to be that the cure for extreme prices was extreme prices, but oil and gas producers are very wary of making long-term investments to develop new resources given the hostility to their industry and shareholder pressure to minimize outlays.'

hydrocarbon demand is not falling fast enough to match the potential under investment in fossil fuels

https://www.bloomberg.com/news/articles/2021-10-15/consumer-sentiment-in-u-s-falls-to-second-lowest-since-2011?sref=qpbhckVU

When asked to describe in their own words why conditions were unfavorable, net price increases were cited more frequently than any time since inflation peaked at over 10% in 1978-80.

От това по полезно макро - здраве му кажи.
Я да видим какво ще кажеш - къде сме тъдява ?

https://twitter.com/jessefelder/status/1448372794165583874?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1448372794165583874%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fwhere-are-we-market-cycle%3Futm_source%3Dfeedburnerutm_medium%3Dfeedutm_campaign%3DFeed3Azerohedge2Ffeed28zerohedge-onalongenoughtimeline2Cthesurvivalrateforeveryonedropstozero29

Има и добри новини, кой казва, че няма…

Retail sales unexpectedly rise in September as consumers keep spending

Retail sales for the month increased by 0.7%, against the Dow Jones estimate for a decline of 0.2%.
Excluding auto-related sales, the number rose 0.8%, better than the 0.5% forecast.
Compared with a year ago, sales were up 13.9% on the headline number and 15.6% excluding autos.

Тука ще си пиша аз за макрото... който иска да заповяда. Да поспорим малко за стагфлацията :-)

Странно твърдение, според мене. Тейпъринга засяга и supply и demand side.

Tapering is unlikely to slow the economy because markets are functioning well and the issues with the U.S. economy are more about supply-chain disruptions from Covid-19 rather than demand, he said in the Q&A.