Biden’s transitory inflation theory continues to lose credibility. C-Suite executives, from 3M & Trane Technologies to General Electric, all agree that current US inflation isn't transitory. Indeed, inflation is a monetary phenomenon & it’s not transitory.t.co/K7wodXx74T
— Steve Hanke (@steve_hanke) September 22, 2021
Jerome Powell said one thing which is not stupid.. inflation is stronger than expected..
..and long term inflation expectations have collapsed pic.twitter.com/pz5X4nvHfk
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) September 22, 2021
Dallas Fed modeling shelter inflation hitting +6.9% Y/Y by year-end 2023 (from +2.0% currently). #Transitory pic.twitter.com/1qsE74HYkK
— Joshua Steiner (@HedgeyeFIG) September 21, 2021
CHART OF THE DAY
Powell said point blank that the inflation side of the Fed's mandate has been met. The Fed is clearly spooked by this chart and wants to taper ASAP to be able to react in 2022 or 2023 if need be pic.twitter.com/rjIjsA7yWc
— Edward Harrison (@edwardnh) September 22, 2021
Investors should have hedges in place in case the dollar does get out of control, Brent Johnson of @SantiagoAuFund tells our @DanielaCambone.
He shares why the dollar is the most under-appreciated risk in the market.
WATCH: t.co/3b1mWRb8aR pic.twitter.com/lAQoJqcJgr
— Stansberry Research (@Stansberry) September 22, 2021
🚨BREAKING🚨
Powell summary:
– Inflation is elevated
– It will remain so for months
– It will moderate
– There are upsides to it
– Fed achieved its goal in inflation
– Taper to be started Nov, completed mid-next year, but official announcement next FOMC meeting pic.twitter.com/CIFb5jUi5L— unusual_whales (@unusual_whales) September 22, 2021
Powell keeps gambling on transitory while he has no idea when inflation comes back down, in the meantime the bottom 50% get to pay for all the price increases.
How is this responsible monetary policy?— Sven Henrich (@NorthmanTrader) September 22, 2021