PCE Measure of Shelter Slows Slightly to 5.8% YoY in March
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Here is a graph of the year-over-year change in shelter from the CPI report
and housing from the PCE report this morning, both through March 2024.
[image: ...
3 hours ago
7 comments:
I've added a bonus chart so that you can see what I'm seeing a bit better.
But the good part is that the banks have used this to deleverage so as not to get caught when the music stops.
Not only that, but there's a thin protective barrier currently being deployed around the huge corporate profits. 98% effective! Feels like nothing is there at all.
You know, just in case Main Street gets ****ed again.
Shame on me for going there! ;)
The real 3 month yield is less than zero.
We know it's game over if the long bond goes zero dark thirty.
Mr Slippery,
Would you settle for Zero Dot Thirty on the 2-year treasury? ;)
Zero Dot Thirty. Haha! Copyright that one.
Mr Slippery,
I suspect that we'll see Zero Dot Product during the next recession. D'oh!
(Can't resist a math pun. ;))
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