Central Bankers Are Right: This Is Not Your Father’s Inflation_老虎社区_美港股上老虎

Central Bankers Are Right: This Is Not Your Father’s Inflation

Barron's2021-09-06

Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. A weak jobs report in the U.S. last week has cooled off talks ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

LPN
·2021-09-07
Like
回复
点赞
举报
Smurfblue
·2021-09-06
OK
回复
点赞
举报
收起
- MonaMaMa:
  cool
  2021-09-07
  回复
  举报
THB
·2021-09-06
l[Cool]
回复
1
举报
收起
- THB:
  一
  2021-09-06
  回复
  举报
Al3x
·2021-09-06
Like
回复
3
举报
收起
- anqiju:
  :)
  2021-09-06
  回复
  举报
6785a5bb
·2021-09-06
😊
回复
1
举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1129901566?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-09-06 19:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1129901566","market":"us","top_or_hot":-1,"title":"Central Bankers Are Right: This Is Not Your Father’s Inflation","media":"Barron's","content":"<div>\n<p>Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. \nA weak jobs report in the U.S. last week has cooled off talks ...</p>\n\n<a href=\"https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2\">网页链接</a>\n\n</div>\n","source":"lsy1610680873436","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Central Bankers Are Right: This Is Not Your Father’s Inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCentral Bankers Are Right: This Is Not Your Father’s Inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 19:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. \nA weak jobs report in the U.S. last week has cooled off talks ...</p>\n\n<a href=\"https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SPY","symbol_name":"标普500ETF","start_time":0,"source_url":"https://www.barrons.com/articles/central-bankers-are-right-this-is-not-your-fathers-inflation-51630926432?siteid=yhoof2","article_id":"1129901566","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129901566","pubTimestamp":1630928021,"columns":[],"sourceInfo":{"source_id":"lsy1610680873436","name":"Barron's"},"weMediaInfo":null,"summary":"Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and the","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"translate_title":"央行行长是对的：这不是你父亲的通胀","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9},"content_text":"Central bankers keep shrugging off the current spike in inflation as a temporary phenomenon, and they have some good reasons to do so. \nA weak jobs report in the U.S. last week has cooled off talks about tapering — the phasing out of the Federal Reserve’s bond buying program. \nAnd even if inflation in the eurozone has now reached a decade-high annual 3%, the European Central Bank will continue its pandemic-specific program until its scheduled end in March next year. And beyond that, it will keep buying bonds under the regular asset-purchase program it launched in 2014 to help it meet its inflation target.\nThe debate about tapering has never been about whether or not it will happen — it will, and it should, since central banks must shrink their massive balance sheets if they want to be able to meet future major crises with the type of efficiency they demonstrated when faced with the coronavirus pandemic. The immediate question is rather whether or not they should speed up the phasing out of quantitative easing because of the supposed return of inflation.\nA string of surveys of business managers released last week showed that inflation isn’t only due to oil prices catching up after historic lows last year, or some goods becoming more expensive because consumers are finally spending the money they were forced to save during the many lockdowns of the past 18 months.\nCost inflation is now putting pressure on businesses, and they in turn have to choose whether they pass it on to their customers, or compress their margins by putting a priority on preserving market shares.\nA slow spread of inflation throughout the economy could then contribute to make it more pervasive, and push price expectations for the future even higher among both businesses and consumers, who might in turn seek higher wages.\nBut is that a credible threat? Catherine Mann, the former Citibank chief economist who is now a member of the Bank of England’s Monetary Policy Committee, cautioned Monday that we should not look at the current inflation through the eyes of the traumatized generation that endured the double-digit inflation of the 1970s.\nToday is different, Mann explained, in part because wages and prices were more closely indexed to each other back then, and because labor markets and wages were more tightly interrelated.\nFurthermore, she added, companies today are more reluctant to pass on cost inflation to their customers and clients.\nBut how long will businesses hold? Europe and the U.S. may diverge here. According to IHS Markit ‘s most recent Purchasing Managers Index, the pace of inflation cost is at a record high in U.S. manufacturing, and “favorable demand conditions allowed finished goods prices to also rise at an unprecedented rate, as firms sought to protect their margins,” noted IHS chief economist Siân Jones last week. In the eurozone, on the other hand, IHS Markit noted “a slight cooling of input cost inflation.”\nTo “promote effectively the goal of maximum employment” is the first aim assigned to the Fed under its mandate from Congress, whereas the ECB’s sole remit is to achieve stable prices — which it has defined as an annual inflation of 2%. Both can find good reasons in the latest numbers or surveys to continue their bond purchases for now.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":817673428,"gmtCreate":1630961456464,"gmtModify":1631889356855,"author":{"id":"3578563881684908","authorId":"3578563881684908","name":"LPN","avatar":"https://static.tigerbbs.com/63e3cb5f66016a665aadbe18eaadb09b","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3578563881684908","idStr":"3578563881684908"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817673428","repostId":1129901566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":817603958,"gmtCreate":1630936919374,"gmtModify":1630937250082,"author":{"id":"4093315018832540","authorId":"4093315018832540","name":"Smurfblue","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4093315018832540","idStr":"4093315018832540"},"htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/817603958","repostId":1129901566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5772532,"gmtCreate":1630948375153,"gmtModify":1635129321856,"authorId":3574563425538377,"author":{"id":3574563425538377,"idStr":"3574563425538377","authorId":3574563425538377,"name":"MonaMaMa","avatar":"https://static.tigerbbs.com/a0368c85249a7a2f30679720235bb7a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":817603958,"type":1,"supId":0,"prevId":0,"content":"<u>cool</u>","text":"<u>cool</u>","html":"<u>cool</u>"}],"langContent":"EN"},{"id":817831578,"gmtCreate":1630928857594,"gmtModify":1631893667878,"author":{"id":"3582189889665842","authorId":"3582189889665842","name":"THB","avatar":"https://static.tigerbbs.com/714f3e61faee0b8a2ef01897bed9705d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582189889665842","idStr":"3582189889665842"},"htmlText":"l[Cool]&nbsp;","listText":"l[Cool]&nbsp;","text":"l[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/817831578","repostId":1129901566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5770260,"gmtCreate":1630928867931,"gmtModify":1631893667879,"authorId":3582189889665842,"author":{"id":3582189889665842,"idStr":"3582189889665842","authorId":3582189889665842,"name":"THB","avatar":"https://static.tigerbbs.com/714f3e61faee0b8a2ef01897bed9705d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":817831578,"type":1,"supId":0,"prevId":0,"content":"一","text":"一","html":"一"}],"langContent":"EN"},{"id":817839139,"gmtCreate":1630928701421,"gmtModify":1632905110124,"author":{"id":"4088815138354210","authorId":"4088815138354210","name":"Al3x","avatar":"https://static.tigerbbs.com/76537eea7f5e56814a3866c383a688d2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4088815138354210","idStr":"4088815138354210"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/817839139","repostId":1129901566,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5770242,"gmtCreate":1630928766788,"gmtModify":1635129511402,"authorId":3575957490964285,"author":{"id":3575957490964285,"idStr":"3575957490964285","authorId":3575957490964285,"name":"anqiju","avatar":"https://static.tigerbbs.com/967f7f6ae6a869c2fcd0362a75de7cf4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":817839139,"type":1,"supId":0,"prevId":0,"content":":)","text":":)","html":":)"}],"langContent":"EN"},{"id":817892413,"gmtCreate":1630928216232,"gmtModify":1632905112317,"author":{"id":"3586751613498957","authorId":"3586751613498957","name":"6785a5bb","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3586751613498957","idStr":"3586751613498957"},"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817892413","repostId":1129901566,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":42,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}