The Inflation Narrative
Slope of Hope Blog Posts
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Where Inflation is Hiding
Wanna Buy a Bridge?
Here’s what inflation is supposed to be. Uh-huh. That explains why prices have doubled over the price two years.
No Second Act
Fresh on the heels of yesterday’s gift-from-heaven-for-the-bulls CPI numbers, there was an even bigger tidal wave of data, and it was even BETTER news for our dear bullish friends. PPI came in at stone-cold 0%, way below expectations, and past data was revised LOSER. The month over month PPI was NEGATIVE and, likewise, past data was dropped. You would expect the /ES to be up about 400 points right now.
The Point Three Illusion
The latest fixation is Tuesday morning’s CPI, in which we all pretend that inflation is running at 0.3% per month (as opposed to the closer-to-the-truth 3% a month, just in case you haven’t bought anything in the past few years and noticed the gargantuan price increases of everything). Anyway, here is the government data they’ve dreamed up, as well as the morning’s anticipated pipsqueak inflation rate.
Based on the market utterly shrugging off the Moody’s news, it’s clear that everyone and his non-binary brother thinks that it’s nothing but up, up, up from here on with equities.
