Should speculative ventures be included in calculations of inflation? What about productive investment? Housing? All transactions? Or just consumer prices?
----------WHERE----------
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----------WHEN----------
01:02 John Hilsenrath says the Fed has failed to hit its inflation target for "several" years.
02:48 Is the Fed keeping interest rates low or is it the market? Which is the cart? The horse?
03:31 Should asset price increases be included in measures of inflation?
05:08 How to interpret rising housing prices with falling apartment rental prices?
08:15 Asset price bubbles - whose responsibility are they? The Fed? Other regulators?
11:32 The TIPS market has inverted - near-term up, long-term trending down.
13:13 Economists have long struggled whether / to what degree to include asset price inflation
----------WHAT----------
Inflation Problems Depend on Where You Look for Them: https://on.wsj.com/3b1E9nB
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7
----------WHO----------
Jeff Snider, Head of Global Investment Research for Alhambra Investments with
Emil Kalinowski, not spending money on haircuts. Art by
David Parkins. Podcast intro/outro is "
About to Explode" by
Daxten and
Wai at
Epidemic Sound.