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Economy |
Inflation Soars but Markets are calm |
2021-07-14 |
[MSN] Consumer prices just posted their largest one-month jump in nearly 13 years, a fact that might tempt some to conclude that a white-hot U.S. economy is on the brink of runaway inflation. But a spike in the June 2021 consumer price index reading may, in fact, be little cause for alarm. That's because a significant reason for the overall prices increase is thanks to a dizzying rise in one isolated area of the economy: Used car prices. [It is surprising to me but even the bond market is stable and at very low rates, e.g. below 1.4% for the 10 year T bond]
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Posted by:Lord Garth |
#2 another issue is to what extent the commodity inflation will lead to wage inflation last month price increases were, unfortunately for employees, almost double the wage increase - |
Posted by: Lord Garth 2021-07-14 14:38 |
#1 Whistling past the graveyard. Those who do not remember the 1970s (and even those who do) are apparently doomed to repeat them. |
Posted by: Tom 2021-07-14 11:23 |