The Week That Matters (11-15 March, 2024)

"I have a lot of money because I pay good wages." Robert Bosch, German industrialist

Statistical blips: Ignore the noise

This newsletter pointed out a few weeks ago that inflation prints tend to be seasonally strong in January and February in the US. The author argued therefore that we would see an uptick in inflation expectations and that would worry the market. That seems to be happening.

The move higher in some commodity prices this w…