VGLT News and Press, Vanguard Long-Term Government Bond ETF From 09/14/22

Summary Overall inflation as measured by the year-over-year Consumer Price Index backed off a wee bit but not nearly as much as expected, to 8.3% in August from 8.5% in July. Inflation has shifted from supply chain issues and commodities to services. Services CPI jumped by 0.6% in...

Summary Stocks plunged today because core inflation is worse than expected, and that’s mostly services. Why is service inflation getting worse? Because it responds with a lag to increases in nominal GDP. Much of services inflation is wages and implicit rents. Wages are ...

Summary The federal government’s Bureau of Labor Statistics released new price inflation data today, and the news wasn’t good. According to the BLS, Consumer Price Index (CPI) inflation rose 8.3 percent year over year during August, before seasonal adjustment. Th...

Summary The August CPI report came in higher than expected at 8.3% versus 8.1%. Major stock indices sold off between 3% and 4% in response. The key question: is the August CPI report new information or noise? This brief market update is in response to the CPI report for ...

Summary Inflation is the wrecker of worlds. It destroys purchasing power, increases the signal-to-noise ratio of prices critical to entrepreneurs and business managers, and distorts accounting records. Depending upon its origins, inflation may also facilitate lavish government spe...

Summary Today, every major part of the world economy is seemingly prone to a serious economic crisis. The European economy is perhaps the most immediate cause for concern. All of these world economic problems have to raise serious questions about the wisdom of the Federal Rese...

Summary Stocks and bonds and commodities continued to trade and move around in price but there was no news to which those movements could be attributed. Most of what passes for news, the things people credit with moving markets on a day-to-day or week-to-week basis, is nothing mor...

Summary Last month, better-than-expected inflation numbers fueled a surge in stock prices before Fed Chair Powell poured cold water on the excitement of the bulls with his most hawkish speech of the year from Jackson Hole. I don’t know how the stock market will react this t...

Summary Energy stocks are poised to report strong earnings for the second half of 2022, while the S&P 500 is forecasted to post earnings declines. The green revolution will continue, but with barely 3% of U.S. electricity production originating from solar and wind sources, fos...

Summary Global government bond yields ended the month of August higher as rising inflation continues to be a key concern for policymakers across the world, prompting central banks to adopt further measures to alleviate inflationary pressure. On August 3, the Bank of England’...