The Houdini of Macroeconomics Escapes Inflation Box [Eurodollar University, Ep. 178b]

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3 years ago

-----EP. 178b SUMMARY-----
The US consumer price index increased by 6.8% year-over-year for the month of November. Inflation, right? Undisputed, incontrovertible evidence of inflation! Step right up and watch the amazing Harry Houdini of Macroeconomics escape this box of inflation and call it "not inflation".

-----EP. 178b TOPICS------
00:00 INTRO: Consumer prices increased 6.8% YoY in the USA for November - is it inflation?
01:07 Consumer prices have risen, yes. Because of monetary policy? No.
03:15 Inflation expectations as measured by the Univ. of Mich. and FRBNY - what do they say?
08:50 Gasoline / Energy / Oil prices are POWERING the change in consumer prices.
10:05 Which components of consumer prices caused such an increase in the index? Energy?
12:05 Which components of consumer prices caused such an increase in the index? Vehicles?
13:27 Inflation should be a matter of money, too much or too little.
16:34 Is inflation a result of government stimulus / spending / helicopter money?
19:16 OUTRO: Sharp increases in gasoline prices are not particularly welcome in an economy.

----EP. 178b REFERENCES---
The Higher The CPI, The Less For Inflation: https://bit.ly/3p2XZpn
Alhambra Investments Blog: https://bit.ly/2VIC2wWlin
RealClear Markets Essays: https://bit.ly/38tL5a7

-------SHOW SPONSOR-------
Macropiece Theater with Emil Kalinowski (a/k/a Alistair Cooke, a/k/a Alistair Cookie) reading the latest essays, blog posts, speeches and excerpts from economics, geopolitics and more. Interesting people write interesting things, why not listen and hear what they have to say? You could do worse things with your time (i.e. Bloomberg, CNBC, et cetera). Recent readings include thoughts from: Adam Smith, Arthur Schopenhauer, Bank for International Settlements, George Friedman, J.P. Koning, Jean-Paul Sartre, Karl Marx, Liberty Street Economics, Lyn Alden, Maroon Macro, Matt Stoeller, Michael Pettis, Myrmikan, Perry Mehrling, Robert Breedlove, Rohan Grey, Velina Tchakarova and yes, even Jeff Snider.

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---------THE TEAM---------
Jeff Snider, Head of Global Investment Research for Alhambra Investments. Illustrations by David Parkins, myth maker. Audio and video editor, The Terence. Logo design by pixelist Lisa Jiang. Master of ceremonies, Emil Kalinowski. Musical intro/outro is "Our Christmas" by The Snowy Hill Singers feat. Sam Shore found at Epidemic Sound.

------FIND THE TEAM-------
Jeff: https://twitter.com/JeffSnider_AIP
Jeff: https://alhambrapartners.com/author/jsnider/

Emil: https://twitter.com/EmilKalinowski
Emil: https://www.EuroDollarEnterprises.com

David: https://DavidParkins.com/
Terence: https://www.VisualFocusMedia.com

Lisa: http://Lisa-Jiang.com/
Lisa: https://twitter.com/@Nylonnerves

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