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Brian Romanchuk — Expect More Of The Same On The Inflation Front

Summary:
Although I do not bill myself as a forecaster, my generic inflation forecast has remained remarkably accurate: expect it to stick around 2%, barring a recession. Although this has been the correct forecast for years, it does not match what people want to hear: higher inflation (or deflation!) is around the corner! (This generic forecast is for the United States and Canada, but I will stick to U.S. data for this article.) To a certain extent, the entire social position of mainstream economics is based on their ability to sound very serious about inflation, and just saying that inflation will probably stick around 2% does not sound serious at all. This article is an update on my views on inflation, which obviously have not moved very much.... Bond Economics Expect More Of The Same On The

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Although I do not bill myself as a forecaster, my generic inflation forecast has remained remarkably accurate: expect it to stick around 2%, barring a recession. Although this has been the correct forecast for years, it does not match what people want to hear: higher inflation (or deflation!) is around the corner! (This generic forecast is for the United States and Canada, but I will stick to U.S. data for this article.) To a certain extent, the entire social position of mainstream economics is based on their ability to sound very serious about inflation, and just saying that inflation will probably stick around 2% does not sound serious at all. This article is an update on my views on inflation, which obviously have not moved very much....
Bond Economics
Expect More Of The Same On The Inflation Front
Brian Romanchuk
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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