Michael Shedlock's picture

A few days ago I asked How Long Before Cash is Banned? My question was in reference to reader CNA (Cards Not Appreciated) who made a comment. My belief is that cash is going the way of the dinosaur.

Andrew Zatlin's picture

Demand-pull inflation – too much money spent chasing too few goods – should be present by now. An increase in payrolls means more wages. More wages means more retail spending. All three are currently accelerating.

Bill Fleckenstein's picture

The Fed downgraded its economic assessment and raised the bar as to what would cause it to tighten. Thus, versus expectations, in "beat-the-number" parlance, the Fed "missed and lowered." Given the world economy, they may never raise rates, but the change...

Michael Shedlock's picture

Central banks, other policy makers, and the IMF only see problems after they are well established. Now, out of the blue, they warn of currency crises and emerging market instability that should have been easy to spot over a year ago.

Sheraz Mian's picture

The spotlight is on the Fed today, with market participants expecting today’s Fed statement, economic projections and Chairwoman Janet Yellen’s press conference to provide clarity for interest rate policy going forward.

Doug Short's picture

Today's month-over-month increase of 0.09 percent (to two decimal places) follows a downwardly revised -0.38 percent in January. Today's headline number came in below the consensus expectations, which ranged from...

Marc Chandler's picture

The Federal Reserve meeting is the highlight of the week. The most pressing issue is the continued evolution of its forward guidance that will maximize the room to maneuver. Until now officials have indicated that...

Urban Carmel's picture

Question: What do the following have in common: falling inflation, soaring bond prices, disastrous corporate earnings, plunging retail sales and "the worst U.S. macro relative to expectations since 2009"?

Michael Shedlock's picture

If economists were right, wage growth and inflation would be soaring. After all, the Phillips Curve states that decreased unemployment in an economy will correlate with higher rates of inflation [and higher wage growth].

Urban Carmel's picture

Attention is gravitating to the Dollar, and for good reason. In the past year, the Dollar index is up 25%. Since 1980, the Dollar has only risen that quickly in one year once before: the period leading to February 1985.

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