Bubble Rupture

Interesting tidbits from Stephanie Pomboy. In July of 2008, inflation was at 5.6%. By July of 2009, it was at -2.1%. The price peak of the housing bubble was in September 2005. The shelter component of the CPI continued rising until its peak in February of 2007, nearly a year and a half lag. The total seasonal adjustment so far this year is +1 million, the largest ever. Of course seasonal adjustment needs to net to zero over the year. Of course the BLS is not political.

Both comments and trackbacks are currently closed.