Tag Archives: stagflation
This Inflation Script Won’t Last
The Shiller’s cyclically adjusted price-to-earnings (CAPE) ratio for the S&P 500 is currently 34.66. This is representative of a stock market that has lost all touch with reality. It even exceeds the 31.48 CAPE ratio hit in 1929, just before the stock market crashed and the onset of the Great Depression. Continue reading
Posted in MN Gordon, Politics
Tagged election year, federal reserve, jerome powell, phillips curve, stagflation
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Connecting the Dots on Employment and Inflation
One principal conundrum of the extreme monetary policies of the last eight years is on the subject of consumer price inflation. Expansion of the money supply is, by definition, inflation. Yet how come, following a quadrupling of the monetary base, … Continue reading
Posted in Inflation, MN Gordon
Tagged cpi, GDP, misery index, stagflation, unemployment
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