Bad News is Good News
The Compound and Friends
The Fed Shouldn't Continue to Rake Rates, but You Still Have to Fix Inflation
The Fed is now continuing to raise rates when we've already got data that indicates things are going to start changing. The scary thing is that shelter is about a third of CPI and what the rent measures is people that are already in leases. It doesn't show what new rents are being signed for. So inflation can stay high for longer than we probably think.
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