Good morning / afternoon / evening - please choose whichever one which best describes when ever it may be that YOU are stumbling across this weekends note…
A quick historical word on Inflation (from "What an Old Coin Collection tells us about Money from the past"-Mises):
A Ben Franklin 90% silver half dollar, then worth 50 cents, has a melt value of $9.50 today (CPLie number is $5.06). In 1962, "one of the last yrs of sound money", loaf of bread was 21 cents, gas was 27 cents, and eggs were 32 cents a dozen. I wasn't born till 71, but I remember the 25 cent candy bar. They're over $2 now. We may not be Weimar (YET), but that's some MASSIVE currency devaluation in my lifetime. That's my TRUEFLATION (no diss to DDB!).
All this Pavlov's dog type SALIVATION for (frontloaded) Rate Cutes (oops CUTS, which are Cute, right?!) HIGHLY contradicts STRONG CONomy' imho....LOLO-FOMO? It all looks so pretty before the Wrecking Ball strikes....
Politics triumphs over Economics???
https://www.zerohedge.com/markets/now-it-all-makes-sense
A quick historical word on Inflation (from "What an Old Coin Collection tells us about Money from the past"-Mises):
A Ben Franklin 90% silver half dollar, then worth 50 cents, has a melt value of $9.50 today (CPLie number is $5.06). In 1962, "one of the last yrs of sound money", loaf of bread was 21 cents, gas was 27 cents, and eggs were 32 cents a dozen. I wasn't born till 71, but I remember the 25 cent candy bar. They're over $2 now. We may not be Weimar (YET), but that's some MASSIVE currency devaluation in my lifetime. That's my TRUEFLATION (no diss to DDB!).
My you and all your THINGS be safe and merry in all your Happy Holiday travels!
All this Pavlov's dog type SALIVATION for (frontloaded) Rate Cutes (oops CUTS, which are Cute, right?!) HIGHLY contradicts STRONG CONomy' imho....LOLO-FOMO? It all looks so pretty before the Wrecking Ball strikes....
"WS tearing up their forecasts".....Comical !!!!
Powell: The Powerful......throws the script out....and throws them all into a Tissy......Amazing !!!
Who said, "men don't like Soap Operas" ???
Thanks for all your expertise....
Have a great time with your family...
The Saga will continue in 2024.....