Contra Corner Transitory My Eye! - David Stockman's Contra Corner

Well, this isn’t so “transitory” at all. After month upon month of rising prices even by the lights of the Fed’s favorite sawed-off inflation ruler, the February PCE deflator clocked in at 6.4% on a Y/Y basis. That’s the highest gain in 40 years! Back in the bleak winter of 1982 we recall actually being […]

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