October 18, 2016–As expected, the Consumer Price Index (CPI) jumped in September in y/y terms. It reached 1.5%, the highest in nearly two years since the 1.7% posted in October 2014 as gasoline prices were plummeting that year. Today’s report just barely eclipses the January 2016 figure of 1.4%, but we expect it to keep moving higher. Core CPI remained steady at 2.2%.
October 6, 2016–This post is intended to explore two separate but connected issues:Is a Commodity Research Board Index a good proxy for World economic growth?What are the implications for Emerging Markets?Commodity Research Board Raw Industrials IndexFirst, it’s a bit strange to be writing about commodities and their importance on the same day that West Texas Intermediate surpassed a psychological threshold of $50 for the first time in more than three months, and not be writing about oil.
September 27, 2016—While headline stories of troubled states and municipalities have been constants for several years now, we are seeing a pickup in the interest of the growing strain that pension funding – or non-funding, to be more accurate – is placing on these entities.