Wednesday, August 29, 2018

CPI tracks real growth

Very closely at the moment.  

Real growth will be 3.5% and above, they tell me, making one of two things.  Inflation no longer tracks real growth, all is bliss. Or inflation goes to 3.5% and rates take a jump. Ten year treasury seems to have a stop at 3%, it is 2.88 now.  Someone has to say,'Uncle'.

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