77.1 Which Was Bigger, April CPI or Reaction To It?
———Ep 77.1 Summary———
Finding ourselves in uncomfortable agreement with Jay Powell and many mainstream Economists who have been utterly wrong about inflation rising for too many years to count, this doesn’t discount at least their more grounded view as to inflation not rising based on conditions right now. There’s every reason to suspect “transitory” inflation, along with explaining why that wouldn’t be inflation. For one, this kind of consumer price spike as witnessed in the April CPI and PPI is hardly unique. These things can and do happen, and have happened at some very surprising (and familiar) junctures in recent memory.
———Ep 77.1 References———
How Can Anyone In Their Right Mind Say This Much Inflation Is Transitory? https://tinyurl.com/vczawu8t
What CPI (and PPI)? https://tinyurl.com/73b4rvbj