Not Transitory

Really, all you can do is laugh. For months in 2021, all we heard from The Fed and their sycophant media was that soaring inflation was "transitory" and now here we are, into 2022, and CPI inflation remains at its highest level in forty years. FORTY YEARS!

And even at 7.0%, it's still very understated. Let's start today with this tweet from Peter Boockvar. Again, just look around and you know that inflation is much higher than what they claim.

Again, the BLS is badly miscalculating rent component by saying OER was up 3.8% y...

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Key Economic Events Week of 8/8

8/8 11:00 ET NY Fed Inflation Exp.
8/9 8:30 ET Unit Labor Costs
8/10 8:30 ET CPI
8/11 8:30 ET PPI
8/12 8:30 ET Import Price Index
8/13 10:00 ET UMich Consumer Sentiment
8/13 10:00 ET UMich Inflation Exp.

Forum Discussion

by Solsson, Aug 10, 2022 - 8:05am
by Abraham Bernanke, Aug 7, 2022 - 8:15am
by SteveW, Aug 6, 2022 - 2:13pm
by DeGraives, Aug 6, 2022 - 1:45pm
by vernon, Jul 29, 2022 - 8:22pm