Sean Maher

The White Elephant That Could Destroy Your Portfolio, Part I

The looming inflation crunch is a theme I've addressed many times on my finance blog, and indeed the wise comments of Paul Volcker on the issue. The bizarre (and self serving) changes made to the CPI calculation methodology under Clinton (such as the highly imaginative hedonic pricing) are now coming home to roost and we could face a credibility crisis for US stats in the next few months, with dire implications for the dollar and US bonds. The emperor, if not quite naked, is wearing very tattered rags...