Fraud Always Marks The Top

Fraud Always Marks The Top

by | Sep 25, 2023

“Losing an illusion makes you wiser than finding a truth.” – Ludwig Borne I hate drama, let alone being at the inception of an idea that is triggering both notoriety and attacks. I consider myself an analyst for analysts, and that my clients are savvy enough to do...
Wage Inflation Delayed Recession

Wage Inflation Delayed Recession

by | Aug 3, 2023

Deflation of Wages Ended with Covid

I’ve been very focused and consistent on this message since my client post October 2021: Deflation of Wages Ended with Covid.

Fast forward, and this has proven to be a durable theme for 2022 and 2023 – even as core CPI (consumer price index) has decelerated from 9.1% in June 2022 to 4.8% in June 2023.
To be clear, wage inflation is a lagging indicator, but one that can support inflation in becoming entrenched. That was my bet when I warned clients in October 2021 that bonds were at risk.