The Great Pivot Delusion

Needless to say, the March CPI, which sharply cooled to 5.0% Y/Y from the 8.9% peak posted last June, got a mega-boost from plummeting energy prices. In fact, the CPI for gasoline (red line) swung violently south. After rising by +59.6% on a Y/Y basis last June, it reversed into a -17.4% decline versus prior […]
You must be a Stockman's Corner member in order to view this post, subscribe to Monthly Subscription, Quarterly Subscription or Annual Subscription.