The Bureau of Labor Statistics (BLS) household survey will retire questions related to the COVID-19 pandemic as they’ve been deemed “less relevant” considering the present circumstances when the disease is abating in the United States as well as in other parts of the world. The pandemic-related questions were added to the survey in May 2020…
Biden’s Spending Policies Result From ‘Lack of Understanding,’ Maybe Beginning of ‘Inflationary Regime’: Portfolio Manager
September 18, 2022
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Business & Marketseconomic policieseconomyfederal spending splurgefiscal spendinghigh inflationinflationInflation Reduction ActInvestmentstock market lossUSUS Budget DeficitUS unemployment
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Tavi Costa, portfolio manager at Crescat Capital, has criticized the Biden administration’s spending measures, warning that Americans’ inflation woes might have only just begun. During the recent White House celebration of the passage of the “Inflation Reduction Act,” the president defended his government’s massive spending by saying that “we spend, but we pay.” Biden said…
Inflation ‘Out of Control,’ Markets ‘Imploding’: Hedge Fund Billionaire Blames Loss of Confidence in Fed
May 26, 2022
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Business & Economyeconomyhigh inflationinflationJerome Jay PowellUSUS NewsUS unemploymentWilliam Ackman
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Hedge fund billionaire Bill Ackman has criticized the U.S. Federal Reserve for the way it has handled inflation, warning that the agency’s modest interest rate hikes won’t be able to control the uncontrolled increase in prices. “Inflation is out of control. Inflation expectations are getting out of control. Markets are imploding because investors are not…
On How Stagflation Arises
The worry of stagflation is spreading widely, as more disappointing economic data is released since the start of the rate hike. Regardless of the warning by authoritative scholars, the real side of the western world is still very strong. Inflation is certainly high, but stagnation is not yet seen. In the current context, to claim…
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