US inflation – Marginal Economist

Deja vu, all over again?

It’s decision time today, and the Fed is between a rock and a hard place. Raise rates, cause more mark-to-market losses, and intensify the banking problems. Halt the rate increases and lose the fight against inflation. What should it do?

The R-Word

The Fed is trying to engineer a soft landing, defeating inflation without driving the economy into recession. But it is facing just a few problems. What is the chance that the Fed will succeed?

Are We Headed to Zimbabwe?

Have you ever taken a train that’s heading in the wrong direction? If you have, you know what unfolds. First comes the confusion, the strange feeling that something is wrong, even if you can’t quite put a finger on it. Then comes the gradual realization that uh-oh, you’ve made a dreadful mistake. You’ve wound upContinue reading “Are We Headed to Zimbabwe?”