Inflation

Our take on the investing, financial, & economic themes of the day

Inflation Quandaries

12 July, 2017 by Mark O'Brien in Commentary
Monday’s Wall Street Journal (July 10, 2017, page A2) contains a remarkable article. It is remarkable because it reveals the assumptions and attitudes of the experts who are trying to administer the global economy in which we find ourselves. The headline of the article provides the ... read more...

The Misery Index and the Price of the S&P 500

Here’s an interesting observation from economist Ed Yardeni of Yardeni Research, Inc.  The “Misery Index,” which is the combination of the unemployment rate plus the inflation rate, is inversely correlated with the expense of the stock market, as represented by the forward ... read more...

What if Quantitative Easing is Deflationary?

In the Wall Street Journal today economist Allan H. Meltzer argues that as a consequence of the Federal Reserve’s easy money policies, “Inflation is in our future. Food prices are leading off, as they did in the mid-1960s before the ‘stagflation’ of the 1970s. Other ... read more...

On Commodity Investing and Inflation

27 September, 2012 by Ben O'Brien in Commentary
As readers of this space know, I do most of the writing on the website.  Thus I generally deserve the credit (and the blame) for the content.  But recently I received a note from a particularly astute and thoughtful and experienced client (no need to embarrass him by naming him) on the subject ... read more...

Why Warren Buffett likes Stocks

15 February, 2012 by Ben O'Brien in Commentary
In a preview of widely-read shareholder letter, Warren Buffett makes the case for stocks compared to bonds and gold. There is nothing new here, but we agree with Buffett on this point and the message is always good to hear: My own preference — and you knew this was coming — is our ... read more...