Showing posts from August, 2021


The Biden Administration now expects consumer prices to rise 4.8% in the fourth quarter of 2021. This follows July's 5.4% increase in consumer prices in advance of the Fed’s Jackson Hole conference. Our analysis suggests that the inflation spike is due to fear and greed-based labor and supply chain disruptions resulting from the unprecedented and ongoing COVID crisis. Thus, price increases are to be expected. The current pandemic is not fully comparable to earlier ones, given technology's role in facilitating the highly integrated nature of the global economy and the decline in ethical standards of business behavior, as evidenced by the prior occupant of the White House. The Fed is right to focus on inequality, now the greater risk, than it is on protecting the financial standing of a small group of mainly non-minority individuals and institutions. Given the above, we suggest the central bank modify monetary policy to resist price increase tactics by major industrial and financ

IPCC report on Climate Change: Not Fair Enough

According to the Intergovernmental Panel on Climate Change (IPCC), a group of United Nations (UN) scientists, "human activity is changing the climate in unprecedented and sometimes irreversible ways." The report "warns of increasingly extreme heatwaves, droughts and flooding, and a key temperature limit being broken in just over a decade."  The report's authors claim, that "it is unequivocal and indisputable that humans are warming the planet."  This is incorrect and reflects the lack of honesty in the discussion.  We stated, on February 5, 2015, in testimony to the Norwegian Ministry of Finance ( ) and on April 22, 2015 in testimony to the Government of the United Kingdom ( ): "As the market value of environmental, social and governance factors continues to grow, companies and investment managers