(Global Stagflation) - '..price growth that is continuing to outstrip expectations..'

'..Another critical characteristic of the earlier inflation era was frequent temporary reversals in inflation, only to be followed by new peaks..'

- (Global Stagflation)(Inflation out of control) - Inflationary Psychology Has Set In. Dislodging It Won’t Be Easy.


'The central bank joined a global wave of larger rate increases by pushing up its seven-day repurchase rate by a half-percentage point to 2.25% as widely expected, following five previous hikes half that size. The Reserve Bank of New Zealand also raised its official cash rate by the same margin about an hour after the BOK.

The BOK’s move is the biggest since rates became South Korea’s primary monetary tool in the late 1990s.

The decision to go for a bigger increase now indicates heightened concern over the need to take firmer action to quickly rein in price growth that is continuing to outstrip expectations..'

- Bank of Korea Joins Jumbo Hikers as Inflation Fight Heats Up, July 13, 2022



Context [Thomas Hoenig] has a Dire Warning About Where We’re Headed - '..Household Expense Data .. for 80 Years'

New Zealand Hikes Rate By Half-Point, Signals More Tightening, July 13, 2022

(Banking Reform) - 'The nineties ushered in unfettered Credit in a scope never previously experienced.'

(Global Stagflation) - 'Inflation hits record 8.6% for 19 countries using the euro [surging past the 8.1% recorded in May]'


Bundesbank boss warns against ‘fatal’ assumptions in ECB crisis tool

(New York TImes) - The Lords of Easy Money: How the Federal Reserve Broke the American Economy

(Global Stagflation)(Inflation out of control) - US inflation at new 40-year high as price increases spread .. well beyond energy


(Global Stagflation) - '..the Fed continues to misjudge inflation..' - Markets and households lose faith that Fed can handle inflation

(Banking Reform) - 'Disaster is a strong but appropriate word that applies perfectly to the state of U.S. monetary policy..' - Dr. Hunt

(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'