An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, October 13, 2021
Navarro: stagflation is already here
Seems like everyone is all in on “stagflation!”… or have to be very close to all in..
What's here is Keynesian semi-inflation - supply side driven redistribution of resources.
Neoliberals never recognised that, nor how it gets resolved - businesses and workers that find out they don't have the pricing power they thought they had and are forced into taking a real loss.
What's here is Keynesian semi-inflation - supply side driven redistribution of resources.
ReplyDeleteNeoliberals never recognised that, nor how it gets resolved - businesses and workers that find out they don't have the pricing power they thought they had and are forced into taking a real loss.
We can only hope so…
ReplyDeleteFor bonds it’s going to boil down to what the Fed does.., as always…
Seems like Dems are purging the Fed “hawks” on these trading allegations…
I can’t see Fed “removing accommodation “ into Dems incumbent election…. After appearing to bend the knee to Trump in 2019…
Fed has to appear politically neutral…
And these guys all here at Bannons thing want the shittiest US economy possible next year….
ReplyDeleteSo caveat emptor…
But they seem to be putting their money where their mouth is…
ReplyDelete“Stagflation!” trade has been getting positioned for months
"...they want the shittiest US economy possible next year."
ReplyDeleteThat's all you need to know about these guys -- jerks.
Well Dems did the same thing last year so turnabout is fair play…
ReplyDelete