Shedlock: Inflation & Other Wildly Believed Economic Nonsense
by Mike Shedlock The CPI Measures Inflation and Other Widely Believed Economic Nonsense The Fed, mainstream media, and others have a spotlight on the CPI and that’s the wrong spotlight. Chart Discussion In the chart above I plot the Case-Shiller national home price index, the Case-Shiller 10-city index, the CPI, Owners’ Equivalent Rent (OER), and … Read more