June CPI inflation falls to 3.5%, below expectations of 3.8%
Core CPI inflation falls to 2.6%, below expectations of 2.8%.
Month-over-month CPI inflation fell -0.4%, the biggest monthly drop since May 2020.
US stock market futures are surging on the news.
Trump trying to reverse the trend.
Hooray! Our stoopid fiat lost value slightly less rapidly than some nerd said it would.
Since his birthday is coming up and he will be old enough to get a job I was showing my son M2 charts for US and Canada from 2010-present. We did the math and US M2 has grown at around 6.3% per year and CAD M2 has grown at 6.6% per year.
He said "why are you showing me this dad?" and I replied "it's a math problem for you to solve." Haha
When does the disparity in real wages start opening up?
I think it’s coming out of Covid that the gap with Europe becomes really dramatic.
Canada has been living off a mutli decade housing boom. I believe that is over. I suspect we will just slowly get poor over time.