Thursday, March 7, 2019

Bump the scary chart index

Always one to spoil the party. This is not all Trump, though we wll have the knee jerks. Some of it is Trump, compare it with the total volatility in the series. Given the end of cycle, and other downturns, like Italy and Germany,  cell phone business crash, I would give Trump, at most, 15% credit. But I await the statistician.

The result is a backward revision on real growth and a backward revision in CPI. Thus the Fed can see what it should have done yesterday, always good to know.

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