Thursday, October 22, 2015

So much for inflation targeting

Here is headline consumer inflation, YoY, for 2015. Prices are stable.

2015-0.09%-0.03%-0.07%-0.20%-0.04%0.12%0.17%0.20-0.04%NANANANA

The Fed cannot adjust prices, we have a 100 Trillion derivative industry that does that.

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