DepewTube: FYI on the CPI

Minyanville Staff  Jun 13, 2008 12:15 pm

DepewTube: FYI on the CPI
 
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Kevin "Pepe" Depew steps into the lions den and and puts on a show for the ages. He notes that today's CPI was a bit higher than expected, but core CPI was basically inline as the possibility of a September rate hike may be starting to be priced into the Fed fund futures. His sage wisdom tells us that inflation doesn't match the rhetoric. Beyond food and energy there just isn't any inflation. Though, once economic stimulus has run its course, we could be seeing another bout of deflation on Main Street, not Wall Street.

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06-13-2008, 4:27 pm
Should we believe the CPI. Some smart folks, (like the ones at PIMCO) seem to think the CPI has been rigged to understate inflation. The methodology has changed several times since the '70s. If John Williams shadowstats.com if right, we have a
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