I’m So Tired of the Transitory Inflation “Debate”
When a famous person shakes his or her finger at you, they're not telling you a fact.
They're telling you how to think about a fact.
Tag: inflation topic
Wage Inflation Isn’t Coming. It’s Already Here.
Over the past four quarters, the United States has generated more wage inflation than at any point over the past 40 years.
This is not an anomaly. Th…
What Do We Need To Be True?
Modeling common knowledge by analyzing missionary statements and their reverberations works. Except when it doesn’t.
The Opposite of 2008
In 2008, the US housing market - together with a Fed that thought the subprime crisis was "contained" - delivered the mother of all deflationary shock…
A Song of Ice and Fire
We are the human animal.
We are non-linear.
We ARE a song of ice and fire.
It’s a song that has built cathedrals and fed billions and taken us to…
Pricing Power (pt. 3) – Government Collaboration
What killing active investment management? It's not some monster hiding behind the rabbit. No, it IS the little white bunny. It's the Zeitgeist of cap…
Pricing Power (pt. 2) – Intellectual Property
Your mother was a hamster and your father smelt of elderberries … the pricing power found in intellectual property. It's not as easy as it looks.
Pricing Power (Pt. 1)
When an inflation regime shifts, the only question that really matters for your investments and your business model is this: do you have pricing power…
The Icarus Moment
We live in a Cartoon Age, an era not of alienation per Karl Marx, but of alienation per Groucho Marx. What’s the cause, what’s the future, and wha…
Gradually and Then Suddenly
The question isn’t whether the barge of monetary policy has turned around and embarked on a tightening course — it has — the question is how fas…