Manufacturing Surveys Scream Stagflation: Inflation Accelerated, Demand Muted, Jobs Cut For First Time Since COVID After the unexpected rise in September, expectations were for October’s Manufacturing surveys to hold their gains around 49-50 level – despite the recent collapse in ‘hard’ macro data. Sure enough, S&P Global’s US Manufacturing PMI printed 50.0 final for October […]
Posts Tagged ‘stagflation’
Manufacturing Surveys Scream Stagflation: Inflation Accelerated, Demand Muted, Jobs Cut For First Time Since COVID
Services Surveys Signal Soaring Stagflation Risks
Services Surveys Signal Soaring Stagflation Risks With manufacturing surveys still in contraction, and underlying components screaming stagflation as orders drop and prices pop, all eyes are on the ‘bigger’ Services sector surveys this morning which are expected to slip lower in August (but remain in expansion – above 50). The S&P Global US Services PMI […]
America’s Prolonged Economic Stagflation
Here is a large caliber smoking gun. The BEA series for real personal income less transfer payments is a pretty serviceable proxy for private market output before the impact of Washington stimmies and distortions caused by transfer payments and government borrowing. After all, earned income – wages, salaries, bonuses, profits, interest and dividends – is […]
Summers: ‘There’s Going to Be an Element’ of ‘Stagflation’
On Tuesday’s broadcast of CNN’s “Don Lemon Tonight,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said he’d be shocked if we still didn’t have meaningful Views: 0
US to Experience Stagflation Worse Than 1970s: Jim Rogers
Deepanshu Bagchee CNBC October 14, 2011 The U.S. economy is likely to experience a period of stagflation worse than the 1970s, which would cause bond yields to spike, commodity bull Jim Rogers told CNBC on Friday. Rogers said governments were lying about the inflation problem and the recent rally in Treasurys was a bubble. “As […]
Stagflation signs surface in bonds, stocks, gold — The Buzz
Paul R. La Monica,CNN Aug 19, 2011 Is that a disco ball I see? Stocks plunged Thursday after several economic reports in the United States raised more worries about stagnant growth and higher inflation. I wish there was a word to describe such a scenario. Oh yeah. There is! Stagflation. Remember that old chestnut from […]
Stagflation Threatens Western Economies – Gold A Bubble, To Correct Or Go Parabolic As Per 1970’s?
Gold Core Aug 16, 2011 Stagflation Threatens Western Economies – Gold A Bubble, To Correct Or Go Parabolic As Per 1970’s? All major currencies have fallen against gold today with the euro down 1% against gold on nervousness ahead of the Franco German summit. Gold is trading at USD 1,776.70, EUR 1,235.10, GBP 1,084.10, CHF […]