It’s Not Just Inflation, The Fed’s Lost Control | Round Up
Supply Shock
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Is CPI Lagging?
The market initially sold off, but then it rallied into the end of the day. The print itself is totally explainable in the sense that CPI is lagging and it's a monster lag. It's designed for pricing adjustments for entitlements. This was from down three to up three in a couple hours. That's never happened ever in a poor market. Not once. So we are definitely still in a bear market. And look, this is a combination of the Bank of Japan intervening in the yen and the chancellor intervening in the pound where you are,. And this is massive government intervention.
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