CPI
Posted by WARREN MOSLER on June 17th, 2009
Karim writes:
No outliers.
- Headline CPI up 0.096% m/m and -1.3% y/y; lowest y/y rate since 1950 will fall further over next 2mths before rising again in August.
- Wild swings in headline from 5.6% to -2% in a 12mth period reinforcing Fed focus on core
- Core up .145% m/m and 1.8% y/y
- OER up 0.1%, med and education up 0.3%, tobacco down 0.3% after 20% rise in prior 2mths
- Core likely to drift down to 1% y/y by yr-end
[top]
June 17th, 2009 at 10:21 pm
Warren this HUGE paradigm shift in our society came and went without as much as a mention on your blog from what I remember. Can anyone answer for me how come “market forces” that so many republicans are trumping did not bring about this change? Why did it take the government and not a bunch of consumers and market participants to force the upgrade to Digital 1080P TV? I want to believe in the market system and adam smith and his invisible hand, but I don’t know – it seems markets are consistently held back by a restrictive, slow moving morass of red tape cronies in washington.
Reply