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CPI Misses As Investors Get Possible Reprieve From Inflation Jitters
Ok, here comes CPI.
This is the headline data point this week and it comes as 10Y yields are lookin
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The numbers for new and used vehicles look way low given what the industry is saying, could be a blip. Every time I sign in to comment I get a “URL too long” error.
Ever look at PCE, the Feds do…so unnatural not to figure in rising gas prices and how it’s tentacles touch everything…don’t know if the numbers can be trusted, didn’t realize that health care went down in April to make up for ever-increasing gas…
Saudi’s remind me of the 70’s Shah, they’re increasing the price constantly: 1) to have a great Aramco IPO, 2) to drain our pockets until gas reaches $100/bbl 3) the Saudi’s are the 3rd largest defense spending country, right after US and China–but their economic output, aside from oil, is nothing…who’s gonna pay for the next war, we are…not only in USDs, sad