tag:blogger.com,1999:blog-6616959642391988608.post6269541940809493397..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Deflation is a no-show thanks to easy money and rising wealthScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-51404027252147166362014-06-01T20:48:15.274-07:002014-06-01T20:48:15.274-07:00William-
You might find the Divisia measure of the...William-<br />You might find the Divisia measure of the money supply interesting. It is put out by the Center for Financial Stability, online. The bad news is that this measure of the money supply is going flat....Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52093114059766542502014-06-01T19:21:26.437-07:002014-06-01T19:21:26.437-07:00Velocity of M2 Money Stock Continues Its Decline
...<b>Velocity of M2 Money Stock Continues Its Decline</b><br /><br /> M1 is the money supply of currency in circulation (notes and coins, traveler’s checks [non-bank issuers], demand deposits, and checkable deposits). A decreasing velocity of M1 might indicate fewer short- term consumption transactions are taking place. We can think of shorter- term transactions as consumption we might make on an Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-32496427914681057912014-06-01T19:08:17.760-07:002014-06-01T19:08:17.760-07:00ECRI Weekly Leading Index Ticks Up
The Economic C...<b>ECRI Weekly Leading Index Ticks Up</b><br /><br />The Economic Cycle Research Institute index rose 0.3 point to 135.4 in the May 24 week. <br /><br /><b>The 4-week annualized growth rate rose to 5.3% from 5%.</b> That's the best in nearly a year.Williamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-90000227677625900712014-05-31T16:13:09.776-07:002014-05-31T16:13:09.776-07:001) You write, There is now a relative abundance of...1) You write, There is now a relative abundance of savings and wealth. <br /><br /><br />I respond that soon that will change as the investor, most critically the fixed income investor, will be going extinct, as investors derisk out of debt trade investments and currency carry trade investments. <br /><br /><br />2) You write, As I noted last year, the Fed's real objective with Quantitative theyenguyhttps://www.blogger.com/profile/08515095308836729043noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83751713079887589692014-05-31T12:23:55.998-07:002014-05-31T12:23:55.998-07:00I think equities should do OK in a rising inflatio...I think equities should do OK in a rising inflation environment, but at some point (when the Fed tightens policy in order to bring inflation down) they will suffer. Gold is a classic inflation hedge, but I think it's way too expensive today. It's already priced to lots of inflation. Real estate is another classic inflation hedge, and it doesn't look expensive. REITS are a good way to Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-75755353144017204472014-05-31T12:10:50.980-07:002014-05-31T12:10:50.980-07:00Hi Scott;
I live in Irvine, so we're in the s...Hi Scott;<br /><br />I live in Irvine, so we're in the same beautiful neighborhood!Your blog is the best, I love it!Thank you.<br />I am a small business owner, and see wage and other inflation pressures popping up over the last year or so. How do you invest for an environment of rising inflation?<br /><br />Thanks;<br /><br />AJDr Setyahttps://www.blogger.com/profile/10897952474845644844noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73934446775564618192014-05-31T07:33:41.869-07:002014-05-31T07:33:41.869-07:00I wonder if one positive aspect of the oligarchy i...I wonder if one positive aspect of the oligarchy is, considering that the wealth concentrated at the top is invested in globalized assets, and the oligarchs are calling the shots, politically, it may have a stabilizing affect on international affairs. In other words, there won't be a war with Russia or any other major power because there's too much money involved. Finances are thoroughlyJohnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-69870009074650664392014-05-30T20:55:07.413-07:002014-05-30T20:55:07.413-07:00Great blogging.
Not sure about the Fed's 2 pe...Great blogging.<br /><br />Not sure about the Fed's 2 percent PCE core target---one gets the sense the Fed regards the 2 percent figure as a ceiling, and maybe Scott Grannis does too, from his commentary. <br /><br />I think it would be better for the Fed to operate according to stated policy, and regard 2 percent PCE core as an average target, meaning that if we now ran at 3 percent PCE coreBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com