Inflation isn't really falling like headlines say. Core +5.3%, food +6.7%. The only reason headline was 4% is gas/fuel oil at -11.7%. @BobEUnlimited has an excellent series of tweets that talk about wages +5.7% w/ -0.7% productivity and structural inflation. pic.twitter.com/GlMTzeDjWs
— Dan Davis (@DanDavi47038421) July 5, 2023
AAA – Fed funds curve has inverted for the first time since the 1980s
Each inversion preceded a recession pic.twitter.com/QrX3NzQXTH
— Game of Trades (@GameofTrades_) July 5, 2023
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