Fun With Numbers
New data this week is very interesting. Savings rate, CPI, GDP. Let's try to make sense of some of this stuff.
We were blessed with some fresh economic figures this week and let me just say, things are getting very interesting. Let’s start with the obvious; inflation. Boy oh boy, I’m glad the price hikes consumers are experiencing are transitory because if they weren’t, we’d sure be in a world of hurt. Core PCE was up 6.1% compared to “just” 2.7% before.
Maybe m…
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