The Right Mind Of China Inflation Via Automobiles

I’m going to start with what might seem to be somewhat of a non sequitur if only because it’s one of those things you just have to laugh at. Researching historical cases and examples, I typically try to read as many contemporary thoughts or news articles as possible to gain a sense of what “everyone” was thinking at whichever times.

In light of today’s outer space CPI figures, it seemed appropriate to review the 2000 example which had displayed similar levels of transitory non-inflation “inflation.” Studying specifically that summer’s debate over inflation vs. recession, particularly how it was playing out as yet another titanic struggle between bonds and Economists (or analysts and “strategists”), I ran across this tidbit in a contemporary New York Times article:

”The conclusion that most people have is that the Fed is finished,” said Robert Bloom, president of Friends, Ivory & Sime, a money manager. But he said he disagreed, citing, among other things, a still-taut job market in which job growth is slowing because the pool of potential workers is drying up, not because demand for them has slackened. [emphasis added]

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Disclosure: This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any ...

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