Friday, February 19, 2016
Two Friday newsblobs
New Deal Demoncrat - why the US is not in recession. Hey, remember the people who were saying there is a corporate profit recession? Yeah, well it turns out they were lying. There is none.
BI - core inflation rises by the most in four years. Hey, what if Janet Yellen (chair of the Federal Reserve, eminent economist, has breakfast with a Nobel winning economist every morning) has the right read on future inflation after all, and the media (generally retards, no university education, you're lucky if they even have diplomas in journalism) were wrong all along? I'm only saying it's something worth considering.
In any case, the complete lack of a "OMG core inflation is proving Janet right, sell sell sell!" reaction this morning is a bit of a market tell, I think.