Not Transitory

Wed, Jan 12, 2022 - 10:32am

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 1/24

1/24 9:45 ET Markit Flash PMIs for January
1/25 9:00 ET Case-Swiller home prices
1/25 10:00 ET Consumer Confidence
1/26 2:00 ET FOMC Fedlines
1/26 2:30 ET CGP presser
1/27 8:30 ET Q4 GDP first guess
1/27 8:30 ET Durable Goods
1/28 8:30 ET Personal Income and Spending
1/28 8:30 ET Core PCE
1/28 10:00 ET UMich 5-yr Inflation Expectations

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