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Not All Inflation is Created Equal

Danielle DiMartino Booth

Can something be arbitrary and at the same time deeply damaging? Pursuing a strategy based on personal preference rather than reason can indeed inflict deep wounds if carried on for too long. Such is the case with the Federal Reserve’s preferred inflation metric, the “core PCE.” ...

By | June, 1, 2018|Categories: Articles, Featured|Tags: , , , , , |0 Comments

Tug Of War: Gold To Keep Fighting As Investors Eye Buying Opportunities

(Kitco News) - After the biggest weekly drop in five months, gold bulls are not ready to give up their tug of war against the bears just yet, according to analysts.

As gold gets ready to close the week below $1,300 an ounce for the first time this year, analysts are scrambling to project where the yellow metal might head next when the dust finally settles...

Danielle DiMartino Booth

Not surprisingly, Brussels has a similar feel to that of Washington D.C. but much more relaxed given the bureaucrats have bureaucratic underlings. A tour of the Parliament building had the feeling of a vast city center filled with humanity, but strangely absent of energy. My hosts were the first to concede that not near enough gets done here, not enough meaningful decisions made, precisely because there are too many institutions, too many committees within those institutions and sub-committees within those committees...

Danielle DiMartino Booth

Hyperbole is such a vile term. Defined as “extravagant exaggeration,” we are nothing short of drowning in it. What little is left of journalistic integrity is sacrificed daily at the altar of hyperbole. Politicians have raised their rhetoric to such deafening volumes their speech writers are at the risk of running low on exclamation points. Even the once ensconced billionaires’ boys club members with a yen to pontificate clamor for any available turn at the podium...

Danielle DiMartino Booth

A quick perusal of the financial press revealed a treasure trove of write-ups on PIMCO’s Richard Clarida, the recently named nominee to be Vice Chair of the Federal Reserve Board. Coverage of one Michelle Bowman, nominated the same day to serve as a governor on the Board was, however, scant...

Danielle DiMartino Booth

...It would appear that the word is out that the CRB Commodity Index has soared to the highest since October 2015 though it’s doubtful most thieves have Bloomberg terminals within reach. Nonetheless, the shocking story reminisced of the heady days of the last housing boom when vacated houses would be harvested for scrap metal of any kind...

Danielle DiMartino Booth

Inflation is up, and the yield curve is flattening? What gives? In bond market nomenclature, much of which is indecipherable by the design of craft fixed income traders, what we are witnessing today is a bull flattening. Long maturity Treasury yields are falling at a faster pace than short rate Treasury yields are decreasing...

Danielle DiMartino Booth

Don’t you wish every day was Turnaround Tuesday? That’s the clever term coined by a buddy of mine at Citi who sadly cannot be named and take proper credit. But it is a great term to describe the pattern that’s emerged in this year’s first quarter, a three-month span most market players were relieved to see written into the history books...