There’s a very good reason why inflation is likely to come down next year… the dramatic slowing of (M2) money supply growth. However, we will have uncomfortably high inflation for at least 6-9 months yet.
"Macro / Economy"
Negative Impact of Labor Costs on Earnings
There are three things I want to see before I utter the words “the bottom is in”. One of those three are Q3 earnings revisions… they are coming and this is one big reason why…
Sell this Bounce… and Why NZ is Worth Watching
We are in the midst of a bear market rally – but I don’t trust it for three reasons. Separately, is New Zealand a canary in the coal mine regarding the impact of raising interest rates?
Recession: The ‘Cost’ of Unwanted Inflation
Today the Fed reminded us they have one objective (and only one): to bring inflation back to its target level of 2.0%. However, the unspoken narrative was sacrifices will need to be made (i.e. expect a recession)
For a full list of posts from 2017…