The number one "reason" for US inflation when it spiked a few months ago? Used cars.
Now, price of used cars in the US falling at the fastest rate in history.
Fact-check me on that.
That story -- price of used cars -- started appearing two weeks ago.
This story started appearing everywhere this week.
This is US PPI MoM for October (has anyone been following housing prices in the US -- collapsing).
- 0.2%
- came in less than expected
This is the Canadian PPI MoM for October (has anyone been following housing prices in Canada -- surging):
- 2.4% (is that 12x what US had?)
- came in way more than forecast:
- forecast: 0.5%
And, yes, US PPI MoM is tracked:
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