Recent: 2022-06-29_05-32-24.jpg (500×357)

2022-06-29_05-32-24.jpg (500×357)

GDP deflator—the mother of all inflation measures—-got re-pinned to +8.2%. That’s the highest gain since June 1981!


That's why I expect a recession for Q2. The deflator will erase all growth. Either in one month when they announce, or in subsequent revisions. They also revise prior years in the next year. I'm highly confident the recession started in January 2022. 6/29/22