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Another Nail In The “Lowflation” Coffin

Summary:
When the market was initially attempting to rally after the August CPI report this AM the weenies at CNBC helpfully posted a crawler announcing that the averages were up on “tame” inflation data. Well, no. The best inflation trend measure—the 16% trimmed mean CPI—-was up 3.0% on a YoY basis in August. As it happens, […]

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When the market was initially attempting to rally after the August CPI report this AM the weenies at CNBC helpfully posted a crawler announcing that the averages were up on “tame” inflation data. Well, no. The best inflation trend measure—the 16% trimmed mean CPI—-was up 3.0% on a YoY basis in August. As it happens, […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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