Transitory Inflation Should Last Through 2021
Fed officials will maintain their “transitory” narrative for months. Here’s why that will inflict even more damage on the economy.
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Author: Michael Carr
Oil Doesn’t Agree with the Federal Reserve’s Bullishness
The price of crude oil is an economic indicator. The fact that prices are down could be telling us the economy is in trouble.
Unemployment Is Back to Normal
Every week, the Department of Labor reports on the number of claims for unemployment insurance. In the past year, this has been viewed as an indicator of the economy’s recovery from the pandemic. Last week’s report left analysts pessimistic. Unemployment might be disappointing when compared to the booming economy of 2019. But it’s unlikely we can get back to that level of growth given current government policies.
Senior Student Loans Are Rational
Economists often assume that people behave rationally. Based on this assumption, consumers allocate resources to what they need the most.
This 5% Inflation Spike Is Different
There have been just a few times when inflation moved above 5%. It’s hard to pinpoint the main cause this time around, and that’s a problem.
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