The post title is not my opinion, nor is it some economist’s view. It comes straight from the front lines but first some background.
Whirlpool Corp. (WHR) is the world’s largest appliance maker with operations all over the world. Specifically, they generate 57% of sales in North America, 20% sales in Europe, 20% sales [...]
In light of today’s fantasy inflation report (see the Big Picture for more details), I would suggest checking out yesterday’s interesting editorial by Jerome Booth in the Financial Times. While Booth doesn’t specifically address inflation, he surveys the current global macroeconomic picture and draws some interesting conclusions. A handy reminder to keep your eye on [...]
Bloomberg has a story positing that Bernanke may have to veer sharply toward a rate-hiking policy if he wants to avoid the stagflationary environment of the 70’s and the ensuing harsh remedy administered by Paul Volcker. There is nothing new in the article if you’ve been paying attention but this line caught my attention:
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I heard it on TV so it must be true.
All kidding aside, the last two days have been absolutely brutal for the commodities side of our portfolio and today, the energy stocks also got whacked. And I don’t know about you folks but I haven’t reached that zen, Buffett-like state where falling prices don’t [...]
Get the details here:
Inflation Flat in February
Supposedly, this gives the Fed room to cut. I guess all that talk about inflation being a lagging indicator goes out the window when sh*t hits the fan. Of course, the bad news at Bear Stearns isn’t a surprise — Msr. Merrano of Bear Stearns had said [...]
Bloomberg’s Open Exchange is interviewing Jonathan Lewis, head of some firm which I’m sure manages billions of dollars for someone or other. Most readers of the blog know my pet peeve regarding talking heads who espouse boneheaded strategies and/or outlooks. But this guy Lewis seems to have his data wrong as well.
He just [...]
