Joe CarsonMar 29, 2021"Missing Prices": Half of the CPI Is Based on "Imputed" Prices Policymakers and analysts involved in the lively debate on the future path of inflation need to consider whether the government...
Joe CarsonMar 25, 2021Cyclical Inflation Is Not "Transitory" Federal Reserve Chairman Jerome Powell has recently stated that a rebound in inflation will prove to be "transitory" and not persistent. ...
Joe CarsonMar 18, 2021The Fed's Dot Game: "Something Missing" The Federal Reserve members' updated projections at the March 16-17 Federal Open Market Committee (FOMC) paint an optimistic economic...
Joe CarsonMar 14, 2021Will History Repeat? Household Portfolios Are Oversized, Unbalanced & Vulnerable Once again, household portfolios are oversized and unbalanced, driven higher by a massive gain in a single asset (equities). Unbalanced...
Joe CarsonMar 10, 2021Fact vs. Fiction: Understatement of Housing Inflation Exceeds "Bubble" LevelsThe understatement of housing inflation in the consumer price index has reached a new milestone. As reported, the gap between the actual...
Joe CarsonMar 7, 2021Stimulus 2021 Is More Market-Important Than 2020The $1.9 trillion stimulus bill that passed the Senate is more market-important than its sister bill of $2.2 trillion that Congress...