strutzma

Divining the Next Crisis: All Eyes on the Dollar

Graham,
Not to be facetious, though it is my "style", but is there any evidence that the Fed could placate Treasury demand through "backchannels" (having 3rd party purchase Treasury bonds during sale only to have, a week or two later, the bills sold back to the Fed in order to provide the initial "demand" during initial bidding...) now that the Fed has stopped buying...? Perhaps I'm just grasping at straws................and more straws...and more....OR..perhaps I've had too much to drink....
Cheers!

Chart of the Day: Median CPI vs. BLS CPI

Mark,
Are you beginning to lay out your case for stagflation, whereas we've had increases in inflation even while losing millions of jobs???