by John Mauldin | Jul 21, 2023 | alerts, Markets/Economy, Mauldin Economics
While inflation is technically about general price levels, in practice we use it to describe living costs. That’s why the benchmarks measure consumer prices and personal consumption expenditures. These are where higher prices hurt because they apply to everyone. Other...
by John Mauldin | Jul 14, 2023 | alerts, Markets/Economy, Mauldin Economics
The market, and maybe all of us, would like to believe the latest 3% annual CPI number was a harbinger of ever-lower inflation, and we are on the road to 2% inflation by year end. I would argue, “Not so fast.” Inflation is far from dead, and CPI will likely go...
by John Mauldin | Jul 7, 2023 | alerts, Markets/Economy, Mauldin Economics
“A man hears what he wants to hear and disregards the rest…” —The Boxer, Paul Simon, 1969 One of the hardest parts of economic forecasting is separating what we expect from what we want. Actually, this is part of the human condition, genetically programmed into us and...
by John Mauldin | Jun 30, 2023 | alerts, Markets/Economy, Mauldin Economics
National leaders are (or should be) reluctant to enter wars because, once begun, they are often hard to end. You could be bogged down for years, vainly trying plan after plan as the damage accumulates. Monetary policy works the same way. Central bankers think they can...
by John Mauldin | Jun 23, 2023 | alerts, Markets/Economy, Mauldin Economics
I’ve often thought it would be fun to convene a therapy group of weather forecasters and economic forecasters. Both face the same frustration: Everybody wants a clear, simple answer they can’t possibly give, because they don’t know. Then they get blamed for being...
