What Deflation? CPI Readings Well Above 2.00% In US And Germany

On the following chart, the core PCE is the blue line. Note the steepening slope towards mid-year. This is clearly a trend with some momentum which, if it continues, will take this index from slightly above target to substantially above.......A more surprising above-target reading just came from Germany, which didn’t used to have inflation of any kind. But now it does:

 

 

https://www.dollarcollapse.com/inflation-emerging-market-crisis/

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.