Wednesday, January 18, 2017

December 2016 CPI Inflation

More of the same.  Not much to report this month.  Shelter inflation continues its upward march.  Non-shelter core inflation held steady at about 1.2%.


Since last month, interest rates have been declining - a bearish signal.  Unless there is a bold and quick action on Dodd-Frank after the inauguration that removes liabilities for banks that would lend to the lower tier of the housing market, I still an leaning toward a bit of a bumpy patch ahead.

2 comments:

  1. http://asia.nikkei.com/Politics-Economy/Economy/New-housing-may-stand-in-way-of-Japan-s-inflation-target

    Mercy me, see above.

    Whiel Yellen plots to keep unemployed one in 20 Americans who want to work, Japan is building apartments and holding inflation way down.

    I like their approach better.

    ReplyDelete
    Replies
    1. Crazy, isn't it? This is common here too. Bemoaning real investment.

      Delete