E-piphany

I hope that folks are enjoying the “best-of” re-blogs I’ve been posting over the past week. Here is a summary of what has been posted and the basic topic in each case:

“I Am Become Debt, Destroyer Of Worlds” – the connection between the federal deficit, the trade deficit, and the Fed’s balance sheet.

Groucho And Holiday Inn Express – long-run real returns to equities

Why CPI Is Not Bogus – combination of two previous posts, illustrating how we know that CPI is approximately correct and explaining why inflation tends to feel higher than it is reported.

Tales of Tails – the implications of the Kelly Criterion for “the optimal bet size” in the context of investment decisions.

Perfect Drugs From Perfect Pharmacists – a discussion of Janet Yellen’s (weak) defense of Large-Scale Asset Purchases (LSAP).

U.S. Wages and Egyptian President Employment – why the Phillips curve does not imply that high unemployment should lead to disinflation, or vice-versa.

My Two Cents On Nonsense – a reminder of the bogus-ness of the “bank stress tests.”

Side Bet With Ben? – a really important post illustrating the critical – and beyond rational argument – relationship between transactional money and the price level.

Keynes, Marx, and Bernanke – a short post on the interrelationship between real wages and the real cost of capital.

Some Useful Charts And Thoughts About Personal Investing – well…this is pretty much what it says it is!

I hope you enjoy some of these “classic” posts. As always, feel free to post any comments you like and to follow me @inflation_guy on Twitter. Happy New Year!