MacroVoices #352 David Rosenberg: This Bear Market Has A Long Way To Go
Macro Voices
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The Rental Component of the CPI Is Coming Down
Alan Greenspan famously called the CPI in 1996 a flawed statistic because it is. 40% of the core is rent. We're seeing now in real time that rental rates are coming down. It's so evident that we are going into a deflation as far as commodities are concerned.
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