Comments on: Stagflation http://www.bob-mcteer-blog.com/stagflation/ Bob McTeer's Blog Sat, 17 May 2008 03:07:51 +0000 http://wordpress.org/?v=2.3.3 By: Nemo http://www.bob-mcteer-blog.com/stagflation/#comment-6181 Nemo Mon, 25 Feb 2008 19:36:27 +0000 http://www.bob-mcteer-blog.com/stagflation/#comment-6181 Thank you for the (as always) interesting piece. Three questions for you. One, suppose you are wrong about stagflation -- or right, for that matter. What indicator(s) would you expect to show it first? Do we have to wait for CPI and unemployment figures, or is there anything more forward-looking that would give you pause? Two, speaking of CPI and unemployment, you acknowledge that they appear to be moving in the wrong direction, but obviously not enough to be called "stagflation". Roughly what level and duration for these or other statistics would be required for you to apply the label? (Unlike recessions, I do not believe NBER announces stagflation, even after the fact. So my question is, how is the word defined in Bob McTeer's dictionary?) And finally... What the heck is going on with the price of gold? :-) Thank you for the (as always) interesting piece.

Three questions for you.

One, suppose you are wrong about stagflation — or right, for that matter. What indicator(s) would you expect to show it first? Do we have to wait for CPI and unemployment figures, or is there anything more forward-looking that would give you pause?

Two, speaking of CPI and unemployment, you acknowledge that they appear to be moving in the wrong direction, but obviously not enough to be called “stagflation”. Roughly what level and duration for these or other statistics would be required for you to apply the label? (Unlike recessions, I do not believe NBER announces stagflation, even after the fact. So my question is, how is the word defined in Bob McTeer’s dictionary?)

And finally… What the heck is going on with the price of gold? :-)

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