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Why raise rates when deflation still present? May PPI -0.3%
- Thread starter Kassz007
- Start date
Quote from Kassz007:
1. Deflation is not an object, it's a process.
2. MoM PPI is much more relevant. Unless you are "trading" long term (looking years ahead instead of months).
If PPI decreases for 5 straight years, will you claim we still don't have deflation because over the entire history of the Earth we've had inflation?
you're even more stupid than I thought
why not to check gas prices every day and on days when gas prices are down scream deflation! ?
MoM headline PPI is not relevant at all because of energy volatility
If you can read you can see all deflation was because of oil was down 20% in April May
Core inflation still up 0.2%
With oil up 15% during previous 10 days you can fully expect headline inflation will be at least 0.5% next month
and above 6% YoY
Quote from kashirin:
you're even more stupid than I thought
why not to check gas prices every day and on days when gas prices are down scream deflation! ?
MoM headline PPI is not relevant at all because of energy volatility
If you can read you can see all deflation was because of oil was down 20% in April May
Core inflation still up 0.2%
With oil up 15% during previous 10 days you can fully expect headline inflation will be at least 0.5% next month
and above 6% YoY
Is energy not an expense? You can't disclude energy just because it doesn't support your thesis. Volatile or not, energy prices have an impact on ALL prices in the economy. The price of energy is EXTREMELY important.
Instead of pretending you can predict the future, why don't we wait until May's PPI numbers come out before pulling random numbers out of your ass?
I am only concerned with the facts, right now, as I see them. And the facts do not support inflation.
Please stick to the chit-chat forum where you belong.
Quote from QuikrRetirement:
depends on the industry. Medical care and college prices have been exploding for years. And there has been a "threat of deflation" for a long time, but it never really has occurred. But from a Fed POV, I suspect it is based on some very cherished indicators
you don't have to go that far(btw-medical care? jfc-it's like 30% up from last year)..milk prices,gas prices..damn..bread prices..milk at wawa went from 1.75 to 1.99 for half a gallon in last 2 months.