With August data:
Figure 1: Instantaneous inflation for core CPI (blue), chained core CPI (tan), supercore CPI (pink), services supercore (light green), PPI core (red), and PCE core (green), per Eeckhout (2023), T=12, a=4. Horizontal chartreuse dashed line at 2% PCE inflation target (for CPI should be about 2.5%). Source: BLS, BEA, Pawel Skrzypczynski, and author’s calculations.
It is time that monetary policy turns expansionary.
Oh wait – fake Ph.D. EJ Antoni just cooked up some nonsense about past M2 growth and why that means inflation is about to take off.
What a laugh? Check out this BS from ZeroHedge!
https://x.com/zerohedge/status/1839741838191698395
Mystery Of Upward GDP Revision Solved: You Are All $500 Billion Richer Now According To A Revised Biden Admin Spreadsheet
Yea – pathetic as usual. But it was highly endorsed by fake PhD EJ Antoni!
Trump’s new election guru!
‘Bruce Zuchowski, the sheriff for Portage County just southeast of Cleveland, posted the suggestion to his social media account on Sept. 13, when he talked about Harris’ campaign and border policies. “When people ask me…What’s gonna happen if the Flip – Flopping, Laughing Hyena Wins?? I say…write down all the addresses of the people who had her signs in their yards,” Zuchowski wrote in the Facebook post. “Sooo…when the Illegal human ‘Locust’ (which she supports!) Need places to live…We’ll already have the addresses of their New families…who supported their arrival!”‘
https://www.msn.com/en-us/news/us/he-has-made-me-feel-unsafe-ohio-sheriff-s-kamala-harris-facebook-post-draws-complaints/ar-AA1rlqHh?ocid=msedgdhp&pc=U531&cvid=f4501bb31f4c4dc8b9478156a57f278e&ei=14
Kamala Harris Facebook post draws complaints
Complaints – you think? How does such a disgusting POS like Zuchowski even have a job in law enforcement?