Inflation – The Musings of the Big Red Car

A Short Primer on Inflation

Big Red Car — Thu, 10 Nov 2022 21:49:44 +0000

The markets were gaga today with an inflation report of 7.7% (annual rate) down from 8.2% the prior month (40-year high) and a monthly rate of 0.4%. Those are the numbers, but folks seem unable to understand how they apply. So, please allow me to provide an example. 1. Suppose a year ago, a dozen […]

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Embedded Inflation

Big Red Car — Fri, 16 Sep 2022 14:04:07 +0000

Do y’all recall when inflation was “transitory?” When the Secretary of the Treasury and the POTUS used to assure us that inflation was going to come and go? That the target would continue to be 2% – which, in fact, it had been? Well it’s more than a year later and, clearly, that is not […]

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The Grinding Pound of Inflation

Big Red Car — Thu, 12 May 2022 13:50:58 +0000

Ten minutes ago, the Bureau of Labor Statistics released its Producer Price Index numbers for April 2022 – this is, of course, a month in arrears. The print was 11% meaning the cost of final demand goods from producers was up 11% when compared to April 2021. These are Jimmy Carter numbers. This is the […]

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The Power Shift — Workers Of The World Unite — Inflation

Big Red Car — Wed, 15 Dec 2021 15:20:33 +0000

In the changing world in which we live, even the most Old School manufacturing companies are finding themselves having to change their ways to find, hire, and retain workers. John Deere makes farm and construction equipment and its work force is unionized under the United Auto Workers. Production lines at Deere are hard places to […]

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The Inflation, CPI, PPI, Earnings Boogie

Big Red Car — Tue, 14 Dec 2021 00:45:32 +0000

I think everyone in the United States understands we have entered a period of increasing prices — inflation. Nobody thinks it is actually going to be transitory. Even the Biden admin says it’s going to be here through the end of 2023 after suggesting it would magically disappear by the end of 2021. Nay, not […]

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Inflation Is NOT A Headfake

Big Red Car — Fri, 03 Dec 2021 21:36:55 +0000

It is too late already to unleash any definitive knock out punch against inflation. Damn it, it isn’t TRANSITORY. Stop that nonsense. It is here; it is deep; it is pervasive; and it isn’t going away any time soon. Let me tell you why I think it is deep. It is embedded in commodities. [Rod […]

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Leadership Tone

Big Red Car — Sun, 14 Nov 2021 19:33:58 +0000

Leadership is a difficult, broad subject — a constantly evolving, context-dependent, nuanced, and complex issue while being supremely personal and driven by individual style. Leadership tone We have spoken before about leadership style, authentic leadership voice, but today I want to speak about leadership tone. Leadership Style By “tone” I mean the emphasis or coloration […]

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Cut The Crap — Energy And Inflation

Big Red Car — Thu, 21 Oct 2021 14:55:55 +0000

Today we cut the crap about the impact of energy, specifically rising energy prices, and inflation. 1. The Biden admin made some bold energy moves — cancelling the Keystone XL pipeline, mothballing drilling/leasing/auctions on public lands, cancelling ANWR development, generally pissing on the leg of the energy sector — immediately upon taking office and they […]

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Inflation? Head Fake Or Reality?

Big Red Car — Sun, 18 Jul 2021 16:57:03 +0000

We are told by the Federal Reserve in the person of its Chairman Jerome Powell that we are experiencing inflation, but that it will be “transitory.” “Do not fret, dear, this inflation is transitory and you will be fine,” sayeth Jerome P during recent Congressional testimony. He then adjusts his glasses and gives you a […]

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