Forbes Article:A Deflation Alert Hidden in the Latest CPI Indicators
Mate27
TUSCL’s #1 Soothsayer!
Sunday, January 29, 2023 8:58 PM
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I can’t tell you how many detractors I’ve had regarding this topic since the summer of 2022, mainly SkiDumb, Mark, and Rickyboi. Feels great to have some vindication from Forbes backing me up on this topic using pure analysis, in spite of the parsing words from the Federal Reserve and Larry Summers. Will I ever get the credit? Only intelligent people will understand the corrective predictive analysis and tip their hats to me saying “I told you so”! Some text from the article as follows…
Consider the following three sentences — all taken from a single 250-word article in Friday’s Financial Times (January 27, 2023) reporting on the release this week of the Personal Consumption Expenditure Price Index (PCE) for December.
“US stocks waver as inflation edges higher.”
“US consumer spending softened in December even as inflation eased.”
“Headline inflation fell to its lowest level in more than a year in December.”
The truth is that today’s PCE figure confirms that the post-pandemic inflationary episode which has bedeviled economists and markets for the past 18 months or so… is over. Definitively.
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