Michael Batnick

There’s no inflation. Yes there is.

Inflation is an interesting thing. People who have an opinion before they see the data don’t update their priors once the numbers are revealed. Imagine this for a second. General Motors reports revenue of $32 billion. One group of people argue that it’s understated, while another group argues that it’s overstated. You would never see…

Animal Spirits: Permanent Stimulus

On today’s show we discuss:

-Why rates can stay low forever
-How Twitter creates more value for its users than its shareholders
-Movies that we’ve seen before, literally, and much more