LIVE! Reaction: Answering Jon Hilsenrath

Should speculative ventures be included in calculations of inflation? What about productive investment? Housing? All transactions? Or just consumer prices?

----------WHERE----------
Vurbl: https://bit.ly/3rq4dPn
Apple: https://apple.co/3czMcWN
Deezer: https://bit.ly/3ndoVPE
iHeart: https://ihr.fm/31jq7cI
TuneIn: http://tun.in/pjT2Z
Castro: https://bit.ly/30DMYza
Google: https://bit.ly/3e2Z48M
Spotify: https://spoti.fi/3arP8mY
Pandora: https://pdora.co/2GQL3Qg
Breaker: https://bit.ly/2CpHAFO
Castbox: https://bit.ly/3fJR5xQ
Podbean: https://bit.ly/2QpaDgh
Stitcher: https://bit.ly/2C1M1GB
PlayerFM: https://bit.ly/3piLtjV
Podchaser: https://bit.ly/3oFCrwN
PocketCast: https://pca.st/encarkdt
SoundCloud: https://bit.ly/3l0yFfK
ListenNotes: https://bit.ly/38xY7pb
AmazonMusic: https://amzn.to/2UpEk2P
PodcastAddict: https://bit.ly/2V39Xjr
AlhambraTube: https://bit.ly/2Xp3roy
 

----------WHEN----------
01:02 John Hilsenrath says the Fed has failed to hit its inflation target for "several" years.
02:48 Is the Fed keeping interest rates low or is it the market? Which is the cart? The horse?
03:31 Should asset price increases be included in measures of inflation?
05:08 How to interpret rising housing prices with falling apartment rental prices?
08:15 Asset price bubbles - whose responsibility are they? The Fed? Other regulators?
11:32 The TIPS market has inverted - near-term up, long-term trending down.
13:13 Economists have long struggled whether / to what degree to include asset price inflation

 
----------WHAT----------
Inflation Problems Depend on Where You Look for Them: https://on.wsj.com/3b1E9nB
Alhambra Investments Blog: https://bit.ly/2VIC2wW
RealClear Markets Essays: https://bit.ly/38tL5a7

----------WHO----------
Jeff Snider, Head of Global Investment Research for Alhambra Investments with Emil Kalinowski, not spending money on haircuts. Art by David Parkins. Podcast intro/outro is "About to Explode" by Daxten and Wai at Epidemic Sound.