A Rolling Expansion -- Barron's -- Someone Must Be Reading The Blog -- June 22, 2023

Locator: 45010ECON.

I'm ending my blogging for the morning. I have to digest all the news that's been reported in the past couple of hours.

The most important article to read today:

• Barron's, link here. Archived.
  
• I have the whole article; it's currently behind a paywall.
• will provide data points from this article later today.
• agree, 1000%; see my notes posted earlier: 

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What Can I Say?

Link here.

I assume the next quote will be:  “There are three kinds of lies: lies, damned lies, and statistics.” 

And then there are graphs.

 

15%!! I had forgotten that it got that bad. And note:

• the duration; and,
• the area under the curve -- the Carter administration.
• something Americans had never seen / experienced in their lifetime except during short period in WWII when inflation was not exactly the nation's #1 concern.

One president leaves office one day, and the next day inflation jumps to 10%. And so it goes. The Carter timeline and the Carter graphic -- completely different than the current timeline and current graphic. 

And yet that is still the meme.

Eggs? $1.19 / dozen at Target.

We just renewed our lease. The increase was inconsequential -- on a monthly basis less than what I spend at Starbucks monthly.