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Wednesday, September 03, 2008
The financial brakes are on
Mish argues that CPI inflation is now overstated because it ignores house prices, with the result that real interest rates should be viewed as high already.
Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!
Say what you please, so long as it's phrased politely and is not libellous or legally proscribed. Fact, reason and wit are keenly welcomed.
If you listen to Mish, and then listen to John Williams, finally you may decide that US government state correct inflation :)
ReplyDeleteC'mon...