& BRIEFLY NOTED: FOR 2022-01-11 Tu: First.... I read...My immediate first response is to ask : In what sense is the Fed supposed to have been "way too slow" in tightening monetary policy? We still are way short of full employment. Some of that is due to childcare and virus-fear bottlenecks. But some of it isn’t. And to the extent that there are important jobs not being done because people can’t afford to make alternative childcare arrangements or fear the virus—well, the inflation that comes from paying people more to see if they will take those jobs is to be welcomed, not fought...
Speaking as someone with $1M in housing debt on a recent Prop 13 basis, and all my savings in stock, and a tech job where wages are highly competitive, I say bring on the inflation (I may regret this sentiment later, but that is my outlook now; I am not quite so rosy about the political effects of inflation but I think it’ll be good for wage compression).
German nukes: I am a new-nuclear-power skeptic (too much $, not enough water, nobody wants them next door, but go ahead and try if you want) but Germany’s plan to shut down ahead of design life made, makes no sense. You can’t fix design problems in Japan (or Ukraine) by shutting down well-run German reactors. It’s a classic “solve ocean waste by reducing my personal plastic use” non-solution: you cannot solve a problem that exists elsewhere by changing something unrelated to it that you happen to control.
Speaking as someone with $1M in housing debt on a recent Prop 13 basis, and all my savings in stock, and a tech job where wages are highly competitive, I say bring on the inflation (I may regret this sentiment later, but that is my outlook now; I am not quite so rosy about the political effects of inflation but I think it’ll be good for wage compression).
German nukes: I am a new-nuclear-power skeptic (too much $, not enough water, nobody wants them next door, but go ahead and try if you want) but Germany’s plan to shut down ahead of design life made, makes no sense. You can’t fix design problems in Japan (or Ukraine) by shutting down well-run German reactors. It’s a classic “solve ocean waste by reducing my personal plastic use” non-solution: you cannot solve a problem that exists elsewhere by changing something unrelated to it that you happen to control.