Remember, Inflation is an HISTORICAL measure: By the time you see it, it’s already on top of you

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As we enter the replay of the Carter years as tragedy, and at accelerated rates of speed, it is important to remember three unpleasant points: Inflation measures are always historical. They are lagging indicators. This means that when the disease manifests in the data, it’s already full-blown. Likewise improvement is slow to show signs. Stag-flation […]

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