#deflation #recession #depression #inflation #interestrates #dollar #bank #money #credit #economy #money #whatismoney #jeffsnider #federalreserve #liquidity
Another thoroughly disinflationary headline CPI joined for a second month by its core component. Not only that, strengthening hints of deflation are becoming more frequent in the details, too. And if that wasn't enough, China's CPI falls negative and its PPI alarmingly goes further on the bad side, too.
Eurodollar University's Money & Macro Analysis
Project Syndicate: M El-Erian
https://www.project-syndicate.org/commentary/why-the-resurgent-transitory-inflation-narrative-is-dangerous-by-mohamed-a-el-erian-2023-02
Tweet by M El-Erian
https://twitter.com/elerianm/status/1689617154608623616
CNBC: July CPI report shows inflation gauge rose 3.2%, less than expected
https://www.cnbc.com/2023/08/10/cpi-inflation-july-2023-.html
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