“Volatility and repricing,” euphemism for losses, are the New Normal.
But who knew what and when?
‘Sticky CPI’ Hottest Since July 2008. What will Yellen do?
Nobody even knows what it’s like anymore.
“Bond Bubble becomes more extreme” and stocks are “overvalued,” say 11,000 financial professionals – but where’s the dang sell-button?
The notion that a hairline puncture of the zero-inflation line is a precursor of a deflationary calamity amounts to economic voodoo.
It’ll take more than tape to fix the lives it chews up.
Real annual earnings of production and nonsupervisory workers: down 15.4% from 42 years ago.
The designated losers of monetary policy. There are a lot of them.
Rents and housing costs make up 30% of the Consumer Price Index. They’re its largest component. They’re soaring in real life. But not in the CPI.