Inflating Clarification on Inflation Part 1
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 22 July 2022
⏱️ 21 minutes
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Summary
It has been a year and a half since I first took up the inflation/deflation debate as a matter of contemporary debate (a part 1 and a part 2). As much as I wished then (and now) that the great economic fight we would have for the next thirty years was inflation, I believed then (and now) that the great economic fight we will have for the next thirty years is better referred to as deflation (a term that itself will require more precise explanation. Some more in-depth updates on the subject have also been produced with a deep desire to really explain and contextualize the state of affairs.
Nevertheless, the responsibility of clarity in messaging is with the writer, not the reader, and while there is only so much I can do to make sure those reading it understand it, I have a pretty strong desire to keep doing more.
Let me just leave the introduction there and dive into this topic. I suppose I do hope some clarification comes out of this, but truth be told, I am more passionate about just reiterating the great economic message of our time. My agenda is not academic, and it is not political. I am responsible for actual client capital, which is to say, the instrumentation by which actual human goals and needs are met. I take it very, very seriously. And this subject sits at the center of what I believe is a generational economic challenge.
Let’s jump into the Dividend Cafe …
Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:12.7 | Well, hello and welcome to another Dividendin Cafe. |
| 0:16.8 | Actually, the last one I'll be recording here from the East Coast for a few weeks. I've been out |
| 0:23.7 | in New York for the most part since the beginning of June, kind of back and forth between |
| 0:29.7 | our house in East Hampton and in the city. And there was one exception where I was out in Grand Rapids, |
| 0:36.1 | Michigan for that conference. And then last |
| 0:37.9 | week, I had a 24-hour trip to Vegas, but I haven't been back to California in a while. And I'm |
| 0:43.5 | excited to fly back to California tomorrow. And then I'll be there for a couple weeks. And so we'll |
| 0:51.0 | have a little change of scenery for the next dividend cafe and the next dividend cafe will |
| 0:55.8 | actually be a part two to today's dividend cafe which i did not intend to be a two-parter um i started |
| 1:05.8 | typing at about uh five o'clock this morning and an eight o'clock Eastern was past the word limit of what I wanted |
| 1:14.6 | for the weekend. I think maybe I'm halfway done. I don't know. Could be a little less. It might |
| 1:19.8 | not even be halfway, but bottom line is I have to turn this into two parts. And that's okay, |
| 1:24.9 | because it's a very important subject. And I want to talk to you guys |
| 1:28.7 | today and then again next week about this inflation debate. And you go, dear God, David, |
| 1:34.6 | you've been talking to us about it forever. And that's true. But we are due for a kind of catch up |
| 1:40.5 | on the subject. There were so many things written in the early stages of this |
| 1:47.5 | inflation onset, going back to kind of the beginning of the post-COVID recovery, early 2021, |
| 1:56.1 | and as higher price levels began to sink into the economy, there were so many things written, |
| 2:02.6 | and I for many, many years, have written so much about this theme of Japanification |
| 2:09.7 | and my rather intense study of the downward pressure on economic growth that I believe current fiscal and monetary policy |
| 2:19.6 | represent that the entire subject warrants a revisit from time to time because the entire |
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