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Monthly Archives: August 2020
Lacy Hunt: monetary inflation is transitory and ultimately growth-depressing
Piling on more debt today, just to keep the economy afloat, will lead to decades of slow growth and potential disinflation. The Fed is not able to sustainably lift growth or inflation. Hoisington Management economist Lacy Hunt’s recent Bloomberg interview … Continue reading
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Government-boosted economy approaches next hard return
America’s largest retailer Walmart reported today that it ended its latest quarter July 31st with revenues 5.6% higher than a year earlier as consumers spent government support funds: “Stimulus was definitely impactful to the consumer in the second quarter, and … Continue reading
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Canada’s housing bubble most ominous in the G7
Canadian real estate prices have increased by 88% since 2005–nearly triple the pace of any G7 country (red line below since 1975). The next closest is Germany (in yellow), with an increase of 32.3% over the same period. Historical precedents … Continue reading
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