(Click on image to enlarge)
Data from the BLS, Chart by Mish
The BLS reports the rose 0.2 percent in October.
CPI Month-Over-Month Details
CPI Month-Over-Month Rent and OER(Click on image to enlarge)
Shelter is 36.5 percent of the CPI. The increase in shelter was half of the overall increase.
CPI and PCE Year-Over-Year Percent Change(Click on image to enlarge)
Year-Over-Year Details
That’s roughly how the average economist views things. The next chart is how the average person views things.
CPI Indexes(Click on image to enlarge)
Renters are primarily young voters, Blacks, and Hispanics.My thesis all year was that Trump was likely to gain in those groups and if so, he would win the election.It was an accurate call.
Why Trump Won the Election in One Clear PicturePlease consider
There is massive Democrat soul searching today. Hardly anyone will get it right. This is despite huge evidence all year long.
And they didn’t get it right.November 8:
Jason Furman, a Harvard professor and Chair of Obama’s CEA lectures people on how well off they are.
November 11:
This is my Hoot of the Day, candidate for Hoot of the Year.
Now What?I am fearful of 60 percent tariffs and mass deportations.No economist that I am aware of has crunched any numbers of what mass deportations might do. So I did.Here are my thoughts: And what about the deficit? Here’s my question: The stock market may like Trump, but he does not inherit a very good economy for the renters and non asset holders.More By This Author:The Economic Foolishness of “Deport All the Illegal Immigrants” In Three PicturesHow Ugly Will Trump’s Mass Deportation Get?Trump Will Have A Second Chance To Put A Gold Advocate On The Fed, Go For It
