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Tag Archives: inflation

Bidenomics and other ugly ducklings

The media and a good chunk of the policy wonks are surprised that Biden does not get the deserved recognition for the relatively good state of the US economy, and that as a result he is suffering in the polls. There are two separate, but interrelated, causes for that. The most obvious can be defined in one word, inflation. The second, is related to the fact that, even though the recovery from the pandemic was fast, the economic situation for most working class people has not been great for a...

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What do Canadian corporations do with their profits?

Corporate profits have received much more scrutiny in recent years. High inflation provoked on-going debates about the role of profit margins with terms like “greedflation” and “price gouging” levelled at corporations. People recognized that, at minimum, corporations are profiting from inflation. Analysis of 4,550 publicly-listed corporations found that 33% had record operating profits in 2021 or 2022.[1] Further, corporations with pricing power were found to be actively worsening...

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A closer look at inflation (Part 2 of 2): how the Fed’s rate hikes actually *exacerbate* inflation in shelter

 – by New Deal democrat Yesterday I discussed how virtually the entire issue of inflation remaining above the Fed’s target was the housing sector. Let me start today’s post where I left off yesterday: namely, that the net level of divergence between total headline inflation and shelter inflation of 1.15% is one of the highest such divergences in history, and the longest such big divergence. Here again is the graph: Today I want to discuss...

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Inflation Is Scrambling Americans’ Perceptions of Middle-Class Life

Inflation Is Scrambling Americans’ Perceptions of Middle-Class Life, businessinsider.com, Jennifer Sor Yes, we have inflation. It is a given. Inflation is scrambling the lives of middle-class Americans. Income is not keeping up with the costs of maintaining a Middle-Class Life. I have sat here in AZ watching this play out in the nation. In many cases we are fighting a supply chain shortage which is entirely controllable in the US. Similar happened...

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Another strong personal income and spending report, but beware the uptick in inflation

– by New Deal democrat The Bonddad Blog Personal income and spending has become one of the two most important monthly reports I follow. This is in large part because the big question this year is whether the contractionary effects of Fed tightening have just been delayed until this year, or whether the fact that there have been no rate hikes since last summer mean that the expansion will strengthen. Because real personal spending on services...

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Open Thread, April 12 2024 Inflation Increases – Look to Gasoline and Shelter

Consumer Price Index – March 2024 (bls.gov) “The BLS index for shelter rose in March, as did the index for gasoline. Combined, these two indexescontributed over half of the monthly increase in the index for all items. The energy index rose 1.1percent over the month. The food index rose 0.1 percent in March. The food at home index wasunchanged, while the food away from home index rose 0.3 percent over the month. Good reads on the March BLS...

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Open Thread March 17 2024, January and February were rough months for inflation

Employ America’s current corecast is for a 2.86% YoY core PCE print for February. The six-month growth rate of core PCE, which was under 2% in December, should now be over 3% in February. Core services ex-housing inflation will be up on a year-on-year basis versus the previous meeting. Many FOMC members, especially among the moderates in the committee (Daly, Mester, Powell, Waller) have expressed a willingness to look through a hot January...

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Inflation and Auto Insurance

Center for Economic Development and Policy Research, CEPR Dean Baker When we hear about inflation most of us probably think of items like food, gas, and rent, but when it comes to the Consumer Price Index (CPI), the most frequently cited measure of inflation, auto insurance has played a very large role in recent years. The index for motor vehicle insurance rose 0.9 percent in July. It was responsible for 0.024 percentage points of the 0.4...

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Atonella Stirarti’s Godley-Tobin Lecture

There was a problem during the 7th Godley-Tobin Lecture. I disconnected everyone when I was trying to fix a problem with Professor Stirati's presentation, and I didn't notice until much later. The worst part is that the recording was lost. I'm posting here the PowerPoint presentation for those interested. We will also post the link for the published version of the lecture, which will be open also on the website of the Review of Keynesian Economics (ROKE).

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