CPI down for first time since 1955!
Consumer prices fall
Excerpt:
On a year-over-year basis, consumer prices fell 0.4 percent in March, the first 12-month decline since August 1955
Comment: Good thing because even if people have jobs they are not getting raises!
Now imagine how much more prices would have gone down if only the Fed and the government hadn't pumped trillions of new dollars into the economy. People with a severance package would be set for life! :^)
ReplyDelete(I know, not really that simple, but worth a thought)