Moments ago, I held my breath and await the goddamned CPI number, and, sweet baby Jesus, am I glad to see what I’m seeing – – – RED HOT inflation and the world blowing up in Jerome Powell’s wicked face:
Inflation 50% Above Forecast
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
King of Thursday Morning
Please note the only economic report this week of any import is the Consumer Price Index, an hour before the opening bell Thursday morning.
Pee Pee Eye
Yesterday morning’s report, the CPI, came in rather hot, and equities went up. This morning’s report, the PPI, came in stone cold, and……..equities went up. Magic, eh? In any case, you can see here the projected PPI (gold bar) versus the actual data (blue bar). So it seems all the inflation chatter might calm down, since the government data reflects it is perhaps transitory, in spite of all the evidence before you every time you shop.
CP Ay-Yi-Yi
The consumer price index figures just came out, and as ZH breathlessly put it, “US Consumer Prices Soar At Fastest In 39 Years, Real Wages Tumble For 9th Straight Month”.
