This from Dr. Krugman --
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Now That’s A Metaphor
Wolfgang Munchau, on the latest euro rescue idea (using the existing stabilization fund, but leveraging it up like a collateralized debt obligation):
This is the equivalent of putting explosives into a can, before kicking it down the road.
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Follow link to the original from The Financial Times
PCE Measure of Shelter Slows Slightly to 5.8% YoY in March
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Here is a graph of the year-over-year change in shelter from the CPI report
and housing from the PCE report this morning, both through March 2024.
[image: ...
1 hour ago
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