Outside the Box, March 2018

What is up?/Inflation

March 14, 2018

Folks, John Mauldin is feeling ill today, so this is Patrick Watson jumping in to help. John’s doctor has ordered him to stay in bed and not even think about the economy for 24 hours. He is now snoozing, but before signing off asked me to select today’s Outside the Box story.

Fortunately, I didn’t have to look too far. The prolific Peter Boockvar has a very interesting reaction to today’s Producer Price Index report. I’m skeptical of the rising-inflation narrative. I see inflation in certain...

Why American Workers Aren’t Getting A Raise: An Economic Detective Story

March 7, 2018

Something was really bugging Jonathan Tepper: In a growing economy with a booming stock market, why were workers’ wages growing so slowly? As a trained economist and investment advisor, he knew he had all the tools for understanding the problem; yet his firm’s leading indicator for wages, which had worked accurately for decades, had broken down badly from 2014 forward:

So Jonathan dug in and did a lot of research and came up with a convincing multipart answer – which is today’s Outside the...