Will the Federal Reserve be successful with its "Immaculate Disinflation"? Or, will we still have to "pay an even higher price" for their use of Weapons of Massive Monetary Destruction in 2020-21?

Recorded on February 3, 2023.

Minor Issues

The Fed's Immaculate Disinflation

Mark talks about the recent price inflation reports, as well as reports of job openings from private sector job placement companies. Inflation was higher than expected and job openings declined. What will the Fed do? People are making painful adjustments—Domino's reported disappointing sales, because their customers are "eating in".

Be sure to follow Minor Issues at https://Mises.org/MinorIssues.

The Fed's "Disinflation" Story Just Flew Out the Window

We have made good progress in our fight against inflation since we started to tighten our monetary policy in 2022. Where do we stand right now? And what are we keeping a close eye on in the economy?

Host Stefania Secola discusses these topics with our Chief Economist Philip R. Lane. They also talk about the ECB’s recent changes to its operational framework for implementing monetary policy.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Published on 25 March 2024 and recorded on 21 March 2024.

In this episode:
01:23 – Inflation right now
How has inflation evolved since its peak in late 2022? What is the outlook for the year ahead and what will shape our future decisions?

03:30 – Wages and inflation
How are rising wages affecting inflation, and is the situation the same across all euro area countries?

09:54 – The state of the labour market
Unemployment is historically low, but economic growth is projected to be lower than in previous years. What might the coming months hold for the labour market?

13:54 – The ECB’s operational framework
Why have we reviewed our operational framework for implementing monetary policy? How does it help our work to keep prices stable?

19:02 – Our guest’s hot tip
Our guest, Philip R. Lane, encourages our listeners to read a paper that looks at the macroeconometric models used at the ECB for forecasting and policy analysis.

Further Reading:
The ECB Podcast: Are wages and greedflation really pushing up prices? June 2023 
https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod230623_episode62.en.html 

Occasional Paper 344: ECB macroeconometric models for forecasting and policy analysis
https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op344~53b9e2aa4d.en.pdf?14821c7f99280514dbdaa26114c4f565 

Press release: ECB announces changes to the operational framework for implementing monetary policy
https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.pr240313_1~a3a50a9add.en.html 

Economic Bulletin Issue 2/2024, Article 1: The impact of recent shocks and ongoing structural changes on euro area productivity growth
https://www.ecb.europa.eu/pub/economic-bulletin/articles/2024/html/ecb.ebart202402_01~d63ecff49c.en.html 

Press release: Monetary policy decisions (7 March 2024)
https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.mp240307~a5fa52b82b.en.html

European Central Bank
www.ecb.europa.eu

Lifeline

Quo vadis, inflation?

Leon and Garry talk about issues including:

·  Chinese manufacturing growth slows, European businesses have to cut prices and the US trade deficit widens
·  The Commonwealth Bank has enlisted three high-profile law firms to provide free advice to the thousands of customers seeking compensation for dodgy advice doled out by its financial planning arm.
·   Australia’s labour market is weaker than previously reported. According to a revision from the Australian Bureau of Statistics, the total number of Australians employed in September was 24,400 fewer than previously reported and the jobless rate was 6.2 percent, compared with the prior 6.1 percent.
 
Relevant links: http://www.insightsquared.com/

Joe Caprio from InsightSquared - Talking Business, 2014, Ep 43

In this week’s RLA radio interview, host Dennis Tubbergen speaks with Michael Pento. They discuss the current state of the stock market, with Pento predicting a recession and expressing concern about the middle class being hollowed out due to negative interest rates and asset bubbles. Pento criticizes the Federal Reserve's potential rate cut and the push for emergency bailouts for Wall Street. He also mentions the unaffordability of homeownership and the increase in corporate bankruptcies. Pento believes that the middle class has been severely affected by inflation and debt, leading to a massive credit bubble, housing bubble, and equity bubble. He predicts more significant market drops in the future.

Michael Pento is the President and Founder of Pento Portfolio Strategies, with more than 27 years of investment experience. He was the portfolio creator and consultant to Delta/Claymore's commodity portfolios that raised more than $3 billion, distributed through Claymore/Guggenheim's sales network. He produces the weekly podcast “The Mid-Week Reality Check” and is the author of the book “The Coming Bond Market Collapse.”  

For more information about our guest, Mr. Michael Pento, please visit http://pentoport.com.  For more information about Retirement Lifestyle Advocates, please visit www.RetirementLifestyleAdvocates.com.

2024-08-11 Retirement Lifestyle Advocates Radio w/ Michael Pento

This week on TrendsTalk, ITR Economist Taylor St. Germain takes a deep dive into inflation data from both producer and consumer perspectives. With higher inflation expected later in the decade, how can you take advantage of the lower borrowing costs in 2024 and 2025? Tune in to learn more!

Inflation Impact on Producers and Consumers

China Is Exporting Deflation Or Disinflation Not Inflation

Rising inflation in the US and UK while its disinflation in Sweden. Chief Analyst Holger Sandte analyses the up- and down-sides to the fresh data, and looks into Draghi's speech in ECB and evaluates the market reactions to a "pretty boring" ECB meeting. Learn what investors should keep a special eye on next week in a stream of important US data releases, Fed speeches and news from the Swedish Riksbank. Hear what could trigger SEK markedly, and why a strengthened US dollar could be on the move again next week. Holger elaborates on next week's events and points to opportunities and risks - and the odds of a November rate hike by the Fed.

Disclaimer:
All opinions and estimates in this podcast are, regardless of source, given in good faith, and may only be valid as of the stated publication date and are subject to change without notice. The podcast is intended only to provide general and preliminary information to investors and shall not be construed as the basis for any investment decision. This publication or report has been prepared by Nordea Markets as general information for private use of investors to whom the publication or report has been distributed, but it is not intended as a personal recommendation of particular financial instruments or strategies and thus it does not provide individually tailored investment advice, and does not take into account the individual investor’s particular financial situation, existing holdings or liabilities, investment knowledge and experience, investment objective and horizon or risk profile and preferences. The investor must particularly ensure the suitability of an investment as regards his/her financial and fiscal situation and investment objectives. The investor bears the risk of losses in connection with an investment. Before acting on any information in this publication or report, it is recommendable to consult one’s financial advisor.

KICK: Important data ahead - prepare for market action

Rising inflation in the US and UK while its disinflation in Sweden. Chief analyst Holger Sandte analyses the up- and down-sides to the fresh data, and looks into Draghi's speech in ECB and evaluates the market reactions to a "pretty boring" ECB meeting. Learn what investors should keep a special eye on next week in a stream of important US data releases, Fed speeches and news from the Swedish Riksbank. Hear what could trigger SEK markedly, and why a strengthened US dollar could be on the move again next week. Holger elaborates on next week's events and points to opportunities and risks - and the odds of a November rate hike by the Fed.

Disclaimer:
All opinions and estimates in this podcast are, regardless of source, given in good faith, and may only be valid as of the stated publication date and are subject to change without notice. The podcast is intended only to provide general and preliminary information to investors and shall not be construed as the basis for any investment decision. This publication or report has been prepared by Nordea Markets as general information for private use of investors to whom the publication or report has been distributed, but it is not intended as a personal recommendation of particular financial instruments or strategies and thus it does not provide individually tailored investment advice, and does not take into account the individual investor’s particular financial situation, existing holdings or liabilities, investment knowledge and experience, investment objective and horizon or risk profile and preferences. The investor must particularly ensure the suitability of an investment as regards his/her financial and fiscal situation and investment objectives. The investor bears the risk of losses in connection with an investment. Before acting on any information in this publication or report, it is recommendable to consult one’s financial advisor.

Clarity Financial Chief Investment Strategist Lance Roberts w Equity Wealth Management founder Lawrence Lepard in the fifth of a series of five chapters on the history of disinformation in the markets, and his advocacy for owning precious metals instead of holding cash.

Why the Tide is Going Out on Interest Rates: Lawrence Lepard, Chapter-5

Nordea Markets Insights er podcasten til dig, som ønsker perspektiv og indblik i aktuelle trends og bevægelser på de globale finansmarkeder. Her har du mulighed for at møde Nordea Markets' anerkendte eksperter og intressante gæster.
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Join our experts for a discussion of current hot topics in the corporate world. We talk about a wide range of themes that can affect corporate financial performance, from artificial intelligence and M&A trends to sustainability and corporate leverage, among many others. Aimed at financial professionals, but we do our best to keep it simple.

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The Mises Institute, founded in 1982, is an educational institution devoted to advancing Austrian economics, freedom, and peace in the classical-liberal tradition. Our website offers many thousands of free books and thousands of hours of audio and video, along with the full run of rare journals, biographies, and bibliographies of great economists.

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The European Central Bank Podcast – bringing you insights into the world of economics and central banking. 

Our hosts Paul Gordon and Stefania Secola talk to experts about the topics and trends that matter to the eurozone economy today.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

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