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The Inflation Reduction Act became the Inflation Perpetuation Act. The cumulative inflation (CPI) from Jan 2021 to December 2024 is 21.8%. The cumulative core inflation (excluding food and energy) is even higher, at 23.5%.Prices did not fall in December; CPI …
via dlacalle Thirty major central banks are expected to cut rates in the second half of 2024, a year when more than seventy nations will have elections, which often means massive increases in government spending. Additionally, the latest inflation figures …
So much for "rapid disinflation"…. via Morgan Stanley pic.twitter.com/wL8R1vh0RU — Daniel Lacalle (@dlacalle_IA) January 22, 2024 Still wild to think that food prices were much more stable prior to 1971, and then they took off 🚀 pic.twitter.com/cwYtGcrcoX — GrainStats 🌾 …
via Daniel Lacalle: Market expectations of rapid disinflation and a soft landing remain, but January has given a few new risks to the optimistic estimates of disinflation with no impact on the economy. The first risk comes from the commodity complex and …
No. Prices are not falling. Inflation continued to rise in June. Itbhas risen every month of 2023. Only three items fell in June. When someone tells you lower Inflation means lower prices, a kitten dies. Save the kittens. pic.twitter.com/qxiMzMnCp5 — …
Keep printing. You wanted "free money" from government? You got lower real wages. Unemployment and real wage growth. @OECD pic.twitter.com/Xph5GwZRqt — Daniel Lacalle (@dlacalle_IA) August 8, 2023