Not sure what all the fuss is about. I can’t say I consider a range of 1.14% to 2.63% more than marginally inflationary?
Seems like a whole lot of nuthin’ to me.
I have moved from a deflationist position to a “very mild” deflationist position. I don’t think the Fed can effectively stave off deflation in its entirety – for reasons Arraya and CA mentioned, but I think they avoid major deflationary crashes and kick the can for years.
As such, I see An unstoppable force fighting an immovable object. This leads to a long period of low or negative growth, very mild deflation, high unemployment with the Fed fighting deflation the whole way and almost winning.
I found these numbers interesting – posted on the same day that socratt short-term spike in commodities prices.
You just made me laugh out loud!! You can go to http://www.ifluffnumbers.com and I have next weeks lottery numbers up there as well. If you think for one moment that inflation is dormant you may need a psychiatric evaluation.
You’ll be riding your bicycle to the store to pick up your $10 gallon of milk and $7 loaf of bread by the end of year and you’ll still turn to your inflation data site thinking it’s a “whole lot of nuthin”. That’s just pathetic that you even put that link on here. They must have an app for that!
