Core CPI: Blips or Trends Here’s a plot of three measures of core m/m inflation. I don’t see hyper (or even high ) inflation on the horizon, as some do [0] [1]. Since one observation doesn’t make a trend, for good measure I include also 3 month inflation. Figure 1: Month on month annualized inflation [...]
Archive for the ‘Economy’ Category
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U.S. Postal Service pension funding
May 18th, 2011 
admin The challenge of meeting pension payments is starting to put a huge burden on the San Diego and California budgets, leading many of us to regret that more voices weren’t raised in objection at the time these commitments were quietly made years ago. For that reason, discussion this week of pensions for U.S. postal workers [...]
F for Fail
May 17th, 2011 admin JEC Republican analysis of the impact of monetary policy on gasoline prices I’ve been grading papers for the past half week, so when this popped into my mailbox yesterday morning, I was in a “grading” mood. And when I finished reading it, I determined I would give it an F. From “The Price of Oil [...]
Shale gas environmental concerns
May 15th, 2011 admin Technological breakthroughs in methods for drilling for natural gas have opened up the possibility of vast new supplies. However, environmental concerns may turn out to be significant. Stuart Staniford has taken a look at a study of the effects of shale-gas extraction on drinking water recently published in the Proceedings of the National Academy of [...]
What Would Really Bring about a Dollar Dive?
May 12th, 2011 admin One of the things about reading the op-eds and various articles in the blogosphere is the tendency to hype the possibility of the collapse in this, or the collapse in that. The most recent “bubble” in this type of writing involved hyper-inflation, commodities (silver, anyone?) and the dollar. Now I read things like QEIII would [...]
