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View original post here: Philly Fed Misses Expectations; Industrial Production Unchanged; Manufacturing Declines; Treasury Yields Soar Anyway
See original article: US Consumer Spending Flat Since March – Gallup
Read More: Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? US in a Minsky Bubble? About to Go…
Initial Reaction The establishment survey showed a gain of 162,000 jobs. The previous two months were revised lower
See more here: Economic Recovery in Spain? Tax Collections, Retail Sales Prove Otherwise
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Excerpt from: Big Miss in Retail Sales vs. Expectations; Trend Change or Another "Soft Patch"?
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View article: FOMC Minutes and Economic Projections: Dissent in Both Directions; Confused?
The first problem with measuring price inflation is there is no true representative basket of goods and services. Even if there was a representative basket, the basket changes over time and also changes by demographics