Supply Chain Disruption and the Hidden Realities behind Inflation
Although the war began in February, supply chain disruption is hitting home now, as are many other knock-on effects from Russia’s invasion of Ukraine.
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30 Trillion Reasons
Inflation is a policy. It’s a tax. Like all taxes, it lands on some harder than others. And the farther you go down the wealth mountain, the harder it falls.
Where to Look When Markets Crash
We are at a moment of extreme fear — sentiment is at lows. Which begs the question: Is this as bad as it gets? At least for now?
What CPI Really Stands for…Conning People Indefinitely
The randomly selected 2% is the Holy Grail our (clueless) inflation warriors so covet…and slavishly pursue. Belief in this target is now so absolute, no one in the economics profession or financial industry asks the question ‘why do we have this target?’.
The Fed’s Fix
Larry Summers, ex US Secretary of the Treasury, went way out on a limb on Wednesday, Fox News was there: ‘Former Treasury Secretary Larry Summers predicts there will “almost certainly” be a “downturn in the economy”’:
Tech Investing’s Ideology: Winner Takes All
If increasing returns compound to a firm capturing the market, that firm and its investors will enjoy great success. But success entails failure for rivals. If the winner takes all, losers take nothing.
