Thursday, September 21, 2017

"Global macro in one page - Where is that inflation?"

From AMPHI Research & Trading via Disciplined Systematic Global Macro Views, Sept. 10:

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZ434oxIrw2eTy7guo-im_1KsKHtzfy5fabU00JS-wIzFCzx6gltwTfDLSGJEDquF5D2RSLQXnmNRBHuMZ3OXXoNUGX9ZYyL0CL6BfrTYgQnAH2wzOzjMJlcj2xiT52wm0-pUlaTd2H_o/s1600/Screen+Shot+2017-09-10+at+1.23.53+PM.png
Where is that inflation? Central banks have this fixation on 2% inflation as both a goal and a signal. Policies have been structured for the magic 2% and signals for balance sheet action are based on the inflation hitting 2%, yet current inflation has not been able to reach this number....MORE