What Do You Think About Inflation?

Sax: Over all the economic data is mixed, but we got a couple of good data points in the last month. Inflation was until now, measured on a year over year basis, not a month of a month sis. Sax: If you had told any of us that inflation would still be half eigt ad a alf % at the beginning of this year, i don't think it's anyone's interest to catastrophize the data. But there's a lot of negative data out here.