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Archive of entries posted on 12th May 2022

The baby, the bath and the drain. Amazing sell-off.

I thought it had ended. I was wrong. I have been wrong before. (Ask my kids.) Inflation is rampant. If you measure it one way, it ebbed in April. If you measure it another way — called “core inflation” — it picked up. The bad publicity inflation is getting is putting pressure on the Fed […]