Retail sales are held up by only two sectors. The rest are sinking.
Workers, bondholders, savers get sacked. So what would Yellen do?
A very inconvenient connection.
The “supply shock” in Egypt.
Overall national rent figures hide the drama on the ground.
Gutted Hopes for a Strong Finish.
A “horrifying threat” (lower prices) has been vanquished.
So what would Yellen do?
A collective reckoning? A painful but unavoidable come-to-Jesus moment? Or continuing down an inflationary spiral?
Coming soon to a store near you.