Saturday , April 26 2025
Home / Mike Norman Economics / Summers: Super Core inflation measure not decelerating

Summers: Super Core inflation measure not decelerating

Summary:
So now he’s going to tell the Biden people to keep increasing the rates… Summers wants to demonstrate that Monetarism works and re-establish Monetarisms dominance after 15 years of ZIRP which resulted in no Art Degree “inflation!” …. This over any other real economic or Democrat political objective... Democrat left AWOL on this except maybe Pocahontas…iow if they think their "inflation" comes down but there is no commensurate recession after all of these extreme unprecendented rate increases then Summers will consider it a failure of policy …. not a failure of Monetarism…This analysis from Ricardo Trezzi, who does careful work in the inflation front, is concerning. It suggests that wage inflation, which I regard as the best “super core” inflation measure, may have not been decelerating.

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model

Mike Norman writes The Accursed Tariffs — NeilW

Mike Norman writes IRS has agreed to share migrants’ tax information with ICE

Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius

So now he’s going to tell the Biden people to keep increasing the rates… Summers wants to demonstrate that Monetarism works and re-establish Monetarisms dominance after 15 years of ZIRP which resulted in no Art Degree “inflation!” …. 

This over any other real economic or Democrat political objective... Democrat left AWOL on this except maybe Pocahontas…

iow if they think their "inflation" comes down but there is no commensurate recession after all of these extreme unprecendented rate increases then Summers will consider it a failure of policy …. not a failure of Monetarism…




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.

Leave a Reply

Your email address will not be published. Required fields are marked *