Relevant and even prescient commentary on news, politics and the economy.

Americans Shopping is a Runaway Train?

The conversation started with my investment person about two particulars which I was curious as to what he was expecting in returns. Those two were losing somewhat over the last 5 months. Excitedly, he started off on how the Fed was going to rein in inflation. I listened and answered. However you do it, raising […]

Fed’s Powell Sees Agriculture Inflation Continuing

Agri-Economist and farmer Michael Smith talking inflationary impacting crops and farmers. Higher inflation rates “will likely remain so in the coming months,” Federal Reserve Chairman Jerome Powell acknowledged today in testimony before the Senate Banking Committee. Powell has been in meeting this week discussing the persistent inflation going into next year.  Powell noted the effects […]

Larry Summers Doubles Down On His Inflation Prediction

Larry Summers Doubles Down On His Inflation Prediction  But somehow becomes vaguer about exactly how this is going to happen and show up, but he wants the Fed to stop it in its track, goshdarnit.  This is in a column appearing in the Washington Post, May 25, “The inflation risk is real.” Well, he does […]