Yet Another Column On Inflation
Inflation is the topic that just keeps on giving. It used to be that every Thursday I’d start panicking. “What should I write about this week?”…
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Maximum employment revisited
So… the Fed finally tapered! OK, now what do we talk about? Now we start speculating about “lift-off” – the time when they start raising interest…
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“Transitory” Proves Transitory
I debated whether the title of this week’s piece should be “from ‘transitory’ to ‘persistent’” but decided to go with the above. In any case, the…
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Focus on Bank of Canada
There are three major central bank meetings next week: the Bank of Canada on Wednesday and the Bank of Japan (BoJ) and European Central Bank (ECB)…
The World of Dew
The world of dew is a world of dew. And yet, and yet— Haiku by Kobayashi Issa, 1763-1827 One of the main themes of Japanese aesthetics…
Energy drink
The mantra of many of the major central banks is that the current unusually high rate of inflation is just “transitory.” Here’s what a few central…
Laboring Under an Illusion?
Every month we stress how important the monthly US non-farm payrolls are, and every month it’s true. Nonetheless, may I make a special plea for this…
Tempura, Anyone?
I was trying to think of something that would connect Portugal with Japan this week. The only thing I could think of is tempura, a dish…
Connect the dots
This week isn’t much for economic indicators, but there are a lot of market-moving events. Politics will be at the fore, with the Canadian federal elections…
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Inflation Week
The second week of the month usually has relatively few indicators. The main feature is the US consumer price index (CPI), as well as the UK…