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As we’ve been predicting here at DK since the Fall of 2022, the overall reported inflation rate has indeed fallen back to the Fed’s target level of 2 percent over the last six months. Whew! The mostly false but still pervasive 2023 media narrative of...
by this is only a test
 8 comments
on Wed Dec 27, 2023 at 10:01 AM PST
with 15 Recommends
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Don’t blame Biden. Birds migrate, and so spread bird flu. Any wild bird can spread the disease. Chickens catch bird flu and the farmers slaughter chickens to stop the spread of bird flu. Less eggs get laid and the price of eggs rises. Pretty simple...
by Shower
6 comments
on Mon Nov 27, 2023 at 01:14 PM PST
with 8 Recommends
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You might have seen, if you’re into cars or trucks, YouTube videos — for months and months — by car dealers, complaining that no one can now afford to buy a vehicle. Cars and trucks are stacked up on dealer lots, with no sales in sight. And those...
by Adventurist
248 comments
on Wed Nov 15, 2023 at 01:12 PM PST
with 223 Recommends
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GDP growth is way up: +4.9% in the 3rd quarter. The unemployment rate has stayed low — under 4% — since the beginning of last year. Meanwhile, inflation is down below 3% over the last two quarters: 2.5% in the 2nd quarter, and 2.9% in the 3rd quarter...
by this is only a test
2 comments
on Thu Oct 26, 2023 at 06:10 PM PDT
with 23 Recommends
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The economic news in last month’s PCE price index report, combined with this morning’s stunningly robust jobs report (gift link), is fantastic: “core” inflation continues to fall while the jobs market remains strong. This is super important — it defies...
by this is only a test
40 comments
on Fri Oct 06, 2023 at 12:04 PM PDT
with 45 Recommends
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I don’t come here except to find out what’s really going on from you smart people. I know that Biden has done a good job with the economy. But there’s a segment that is in terrible shape. I don’t know what anybody could do about it, but these are...
by frenchman
27 comments
on Sat Sep 09, 2023 at 04:59 AM PDT
with 32 Recommends
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The New York Times does it again. I mean, how stupid is this? The NYT’s big scoop on today’s inflation numbers was that inflation “ticked up” to 3.3% in July, from 3.0% in June. Sounds ominous, right? Wrong! The only reason the “headline” rate rose was...
by this is only a test
66 comments
on Thu Aug 31, 2023 at 12:28 PM PDT
with 151 Recommends
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In the Biden era, news feeds have focused on price increases over the last 12 months. Well, the last big spike in prices caused by the Russian invasion of Ukraine rolled off the 12 month inflation rate last month. Without that awful June 2022 number in...
by this is only a test
18 comments
on Thu Jul 13, 2023 at 08:42 AM PDT
with 18 Recommends
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The latest, most comprehensive inflation data was released today: U.S. prices barely increased (0.1%) in May and the annualized rate from the raw numbers is only 1.5%. For the last 6 months, prices have increased at an annualized 3.4% rate, and for the...
by this is only a test
7 comments
on Fri Jun 30, 2023 at 03:55 PM PDT
with 22 Recommends
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Last week’s jobs report was good. Inflation continues to decline, which is great. The March CPI report comes out tomorrow — I expect it to be benign. (Disclaimer: do NOT trade real money based on my expectations — I certainly don’t). Yesterday’s Paul...
by this is only a test
11 comments
on Tue Apr 11, 2023 at 08:09 AM PDT
with 27 Recommends
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I came across an NYT article about interest rate volatility that resonated — I know, I’m weird — the link is open access. Here’s the headline and subhead: “‘Bonkers’ Bond Trading May Be Sending a Grim Signal About the Economy. Wild swings in the...
by this is only a test
23 comments
on Mon Mar 27, 2023 at 06:40 AM PDT
with 58 Recommends
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Over the last 8 months, from July 2022 to February 2023, the Consumer Price Index (CPI) has grown by about 3.5% at a annual rate. In fact, during the last 6 months of 2022, the growth rate was only 2 percent, the Fed’s inflation target. But prices rose...
by this is only a test
15 comments
on Wed Mar 15, 2023 at 05:06 PM PDT
with 29 Recommends
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This morning’s CPI report for January actually kind of sucks. Reporters will mostly miss the story, because they focus on year-over-year numbers, which are still trending down. But the CPI for rent jumped in January 2023, even accounting for seasonal...
by this is only a test
10 comments
on Tue Feb 14, 2023 at 07:39 AM PST
with 15 Recommends
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The media has been very slow to pick up on the fact that price inflation in the U.S. has been about 2 percent on an annual basis over the last six months of 2022. Basically, prices have been increasing at the Fed’s target rate for a half a year now....
by this is only a test
22 comments
on Tue Jan 31, 2023 at 10:23 AM PST
with 53 Recommends
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Economic statistics are always backward looking. Today’s GDP report looks back at the fourth quarter of 2022 — according the first estimate from the Bureau of Economic Analysis (BEA), the U.S. economy grew by about 3 percent (annualized rate) in the...
by this is only a test
8 comments
on Thu Jan 26, 2023 at 10:09 AM PST
with 17 Recommends
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Pretty much any fan of live music is likely to lament the alleged monopoly Ticketmaster has on concerts. It’s increasingly difficult to simply purchase a ticket at a local venue, much less in-person or without outrageous “convenience” fees that come...
by Marissa Higgins
25 comments
on Tue Jan 24, 2023 at 10:35 AM PST
with 42 Recommends
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The Producer Price Index (PPI) fell by 0.5 percent in December, and, more importantly, producer prices haven’t risen at all over the last six months. Today’s PPI report follows last week’s Consumer Price Index (CPI) report, which showed a 0.1 percent...
by this is only a test
6 comments
on Wed Jan 18, 2023 at 09:25 AM PST
with 17 Recommends
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The red wave that was supposed to thunder through America was reportedly going to be driven by a shoddy economy. Inflation was at record highs and, in the telling of Republicans and much of the media, Democrats simply could not escape its gravitational...
by Kerry Eleveld
60 comments
on Tue Jan 17, 2023 at 12:12 PM PST
with 123 Recommends
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In February 2001, our Boston-based family took a trip to Turkey and stopped in Grenoble on the way back so Mr. Mo could interview for a job there in the vallée du Grésivaudan — France’s equivalent of Silicon Valley at the time. Mr. Mo and I had been...
by mofembot
71 comments
on Fri Jan 13, 2023 at 09:30 AM PST
with 235 Recommends
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Inflation was slightly negative in December 2022; that is, the Consumer Price Index (CPI) fell by 0.1% from November to December. To be sure, food prices remain too high, and housing/rent prices are still measuring very high, though both will probably...
by this is only a test
11 comments
on Thu Jan 12, 2023 at 10:43 AM PST
with 9 Recommends
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Recommended
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Recent Diaries
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