Pick your correction level.
Inflation running hot, price increases sharply increased. 6.1% in January 2022 over January 2021.
Consumer spending up 2.1% January 22 over December 21... of course consumer spending is increasing, look at what is being purchased.
Housing sales down another month, at least 3 in a row as real estate has increased at alarming rates. It's even more expensive to rent than to own now, assuming consumers can afford to buy.
let's ignore double digit increases in groceries, gasoline, etc.Food inflation up to 7.4% Feb 2022.
Commodities continue to skyrocket yoy:
Oats 103.71%
Soybeans 14.51%
Wheat 23.94%
Cheese 19.91%
Milk 32.74%
Sugar 7.95%
Coffee 103.71%
Canola 36.26%
Corn 19.07%
Beef 11.18%
Inflation running hot, price increases sharply increased. 6.1% in January 2022 over January 2021.
Consumer spending up 2.1% January 22 over December 21... of course consumer spending is increasing, look at what is being purchased.
Housing sales down another month, at least 3 in a row as real estate has increased at alarming rates. It's even more expensive to rent than to own now, assuming consumers can afford to buy.
let's ignore double digit increases in groceries, gasoline, etc.Food inflation up to 7.4% Feb 2022.
Commodities continue to skyrocket yoy:
Oats 103.71%
Soybeans 14.51%
Wheat 23.94%
Cheese 19.91%
Milk 32.74%
Sugar 7.95%
Coffee 103.71%
Canola 36.26%
Corn 19.07%
Beef 11.18%
评论:
Macroeconomic environment continues to reflect significant weakness with risk of recession given commodities spiking further, CPI for Feb came in at 7.8% (highest in 40 years).
