Inflation rose 0.4% in April and 4.7% from a year ago, according to key gauge for the Fed
Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to a gauge released Friday that the Federal Reserve follows closely. The personal consumption expenditures price index, which measures a variety of goods and services and adjusts for changes in consumer behavior, rose 0.4% for the […]
A U.S. recession would be ‘good news’ for markets, strategist says
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. Michael M. Santiago | Getty Images A U.S. recession may prevent a steep market downturn in the second half of 2023, according to Michael Yoshikami, founder and CEO of Destination Wealth Management. U.S. […]
Corporate Equality Index 2023 – New Criteria for the Woke Credit Score
(old ratings featured above; deemed not inclusive enough) I mentioned how the Corporate Equality Index (CEI) is the reason companies are going WOKE. This is the imaginary social credit score based on a company’s adherence to WOKE policies. The Human Right Campaign (HRC), a massive international political lobbying group that dictates the CEI score, employs […]
How the A.I. explosion could save the market and maybe the economy
A Nvidia logo is seen on the company’s building at an industry park in Tianjin, China, February 7, 2019. VCG | Visual China Group | Getty Images A blockbuster profit report Wednesday from Nvidia crystallized an important point for both markets and the economy: For better or worse, artificial intelligence is the future. Whether it’s […]
Furman and Bernanke on NGDP as an indicator
David Beckworth directed me to an interesting debate at a recent Brookings panel. Olivier Blanchard and Ben Bernanke presented a paper that evaluated various factors in the recent inflation surge, highlighting the role of supply issues related to food, energy, shortages, etc. To be clear, they noted that some of the supply bottlenecks occurred due […]
