Ex out oil, gas, gold, copper, nickel, aluminum, tech gadgets, shit sold on Amazon, financial services, retail sales, dry bulk shipping, etc.: THERE ISN’T ANY DEFLATION. Ergo, the Fed can hike to its moronic heart’s delight, said the sages at Goldman Sachs.
“There is little evidence of a broader global deflationary force at work that extends beyond the impact of commodity-price declines and dollar appreciation,” David Mericle and Daan Struyven told clients in a report on Wednesday.
Such conclusions leave Goldman Sachs predicting a moderate acceleration in inflation in 2016 as the economy reaches full capacity.
Ex all of that shit out.
If the CRB index is too biased for you, maybe have a looksy at the old inflation rate.
If that was a pulse rate, the doctor would be taking the defibrillators out and administering some nitroglycerine to the patient.
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Do not try to find the deflation with your mind, for that is impossible. Instead only try and realize the truth. There is no deflation.
Goldman’s right; just because the BRICs got too egregious producing/hoarding commodities over the past two decades doesn’t mean that the civilized world must experience price declines across all goods.
The only inflation is in tuition costs, healthcare and my cable bill.
that dammit janet pic is a win