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Inflation is about to fall—and fall hard
I will make a bet with this country's leading inflationistas, who continue to warn that inflation is about to surge, that they are dead wrong. I'll bet a truckload of scarce limes, or a couple bushels of wheat, that inflation is about to fall, and fall hard. While recent measures of inflation — from producer prices and consumer prices to the PCE deflator (the Federal Reserve's preferred gauge of inflationary pressures) — have all approached a 2-percent year-over-year gain recently, it would appear that Janet Yellen's recent testimony will prove spot on. Inflationary pressures, particularly in food and energy ... (full story)
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- acidguy
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Carbon-Dioxide: the gas of life!
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Carbon-Dioxide: the gas of life!