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Michael Cembalest Takes Us to School

The Compound and Friends

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The Flip Side of Inflation Statistics

The way the government calculates inflation and with shelter specifically is a nonsense stat. They would say that there's too much variability and uncertainty in, in shiller home price indices to use those as an index because you'd have to use something called like a same store pricing. And I don't think we should be surprised that inflation computing agencies tend to respond to that kind of thing with a lag. Assuming that inflation stays at its current pace and or drops over the second half of the year, my best guess is that CPI, PPI, PCE will be less super bowl-esque when they're released. Unless we get surprises in the other direction.

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