In a world where globalization and digitalization are converging in ways as never before seen, considering basically non-existent worldwide commodity price appreciation can result in a disinflationary feeling that won’t go away by taking a couple of aspirin and sleeping it off. In fact, there is an “inflated optimism” that HSBC Strategists Daniel Fenn and Mark McDonald say inflation targets should get a reality check. The question becomes: is this a structural issue or does it point to supply and demand dynamics? In the end, this could lead to a change in key monetary policy assumptions. [dalio] Worldwide inflation signals…
Feeling Disinflated
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.