I picked up some of the more tangible kind when both kids were born. Jeez, we play with it, talk about value, and learn about money together. All the while it’s ticking northbound at around 12% a year. (16.5% here just lately) The Chinese are not buying Concourse grade Barracudas to hedge against inflation and political pressures! I’m pretty jealous, by the way, of some of these cars showing up on build threads lately. Trying to rationalize my life choices maybe….
So a higher CPI actually means folks are still spending and in our economy thats good. It’s just not gonna help my stocks today if it comes in over the 3.4% y.o.y. they’re expecting.
….edit…. Poop! 3.5%! JPow is not gonna like that. GE acted well during last weeks slip & doing the same today.