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The Compound and Friends

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The Blue Line in CPI

John Sutter: Used cars and trucks are down negative, but up 4.5% month of a month. He says new vehicles were up 5.4% year over year; shelter has been big part of this consistently. The housing component of CPI is a lagging indicator because generally we all sign new leases in January or, you know, everything starts in January. And at some point that is expected because of the real time data we've got on rent to just drop and really, sizeably come out of the CPI. That's when we're going to start being worried about deflation.

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