Last Friday we saw something increasingly rare at the perch of Alphaville's benevolent dictator, Paul Murphy; Izabella stopped by the Markets Live post:
...MORESo, what elseHi thereIzzy was threatening to join usAh there you are Izzy!Just wanted to come in to spare Paul from talking to himselfI thought you’d wondered offWhat’s on your mind?InflationIt’s backIn case you haven’t noticed
But didnt think it was actually showing thru in official figures as yetBut I don’t think it’s just a British thing. Huge pick up in my inbox of thought pieces focused on the return of inflation in 2017 (potentially in a big way)But go onAnd it’s not just me who thinks it may be a thing(not to go all zerohegde on this)From my inbox today(No, don’t go ZH on us)
But i’m more interested in the anecdotal stuff.hmmGo on(I’m not saying it’s a bad thing guys!)I think the really interesting stuff is happening on the freemium model side of thingsIn what sense?We heard marc andreessen calling for start-ups to start raising prices earlier this year. And then there’s all sorts of anecdotal stuff like Spotify looking to chargeOr rather to windup some of the freemium stuffAnd just personally. All the stuff i used to be able to get for free on the internet (like picture editing websites), all suddenly behind paywallsIs it just me? Maybe....
She followed up on her guest appearance with "Have we crossed the inflation Rubicon?"
(I know the timestamps say otherwise, I'm going by the order the posts hit the feedreaders)
On Saturday the estimable International Business Editor of the Telegraph, AEP, posted "Inflation: next year's ticking time bomb" which focused on the British angle, what with the declining price of the £ when purchased in other currencies.
This all ties into something we have observed that, while not inflation per se, points in that direction.
Take a look at some of the commodities tracked by FinViz (on blogroll at right).
It's certainly not, by any stretch, all of them but enough to signal something may be afoot:
Although strangely the precious metals seem to have given up the ghost (we are still thinking $875 gold, which would imply nasty stagflation).
That's some of the stuff we're looking at these last few days.