Inflation Is The One Promise Central Banks Can Deliver – Ep 76

* Markets have been volatile but economic data still looking bad

* Chicago Fed National Activity Index: contrary to expectations, came in at -.42 in addition a downward correction for last week to a 2-year low

* Weekly Redbook Same Store Sales Survey down to lowest annual increase in 4 years with a dramatic rate of decline in recent months

* Implausible excuses, such as the weather or the timing of Easter, attempt to mask the fact that the economy is just weak

* Oil prices moved above $57, forming a sizable W-bottom

* Canadian dollar up about 5%

* Canadian inflation, especially food prices up

* This signals the end of rate-cutting cycle in Canada

* Central banks around the world are going to have to dial back on their cheap money policies

* The "Threat of Deflation" will be in the rear view mirror

* Central banks may like high prices, but consumers don't

* President of the Federal Reserve Bank of Boston Eric Rosengren stated our 2% inflation goal is "too low"

* He thinks higher inflation allows for more growth, and allows interest rates to remain low

* Cheap money does not create economic growth and doesn't create employment - it undermines both

* Cheap money applied to a slower economy creates a vicious cycle

* A weakening dollar will put upward pressure on already rising consumer prices

* The Fed is hinting at a higher inflation goal

* The problem is we can't do anything about our inflation because our debt is out of control

* Fiscally solvent countries are able to raise rates and still service their debt

* All the U.S. can do is "talk tough"

* If they had a "Hall of Economists" in Disneyland, the Keynesians would have to be in Fantasyland

* Paul Krugman's Keynesian experiment is blowing up the U.S. economy

* Everybody will figure it out before Paul Krugman does


Our Sponsors:
* Check out CigarBid and use my code GOLD for a great deal: https://cigarbid.com
* Check out Vanta: https://vanta.com/SCHIFF


Privacy & Opt-Out: https://redcircle.com/privacy