IN THIS ISSUE: 1. Bernanke’s Speech at Jackson Hole 2. The Economy Continues to Disappoint 3. Has the CBO Become Irrelevant? 4. Welcome to Stagflation 5. Stock Market Mayhem! Introduction We touch on several bases in today’s letter. We begin with Fed Chairman Ben Bernanke’s key speech...
The Hero's Dilemma: Kill the Dragon or Rescue the Princess? Our previous experiences with "stagflation," as the double economic whammy of slowing growth and rising inflation is known, occurred in the '70s and early '80s. Market veterans still recount the Legend of Former Fed Chief...
Filed under: Filed under: stagflation, Accuride, FOMC, short profits, oil, oil prices, dragon, short, IndyMac, Western Refining, U.S. dollar, Fed, housing market, inflation, interest rates, WCI, bonds, Bernanke, Volcker