UBS On-Air: Paul Donovan Daily Audio 'Disinflation and what it means'
UBS On-Air: Market Moves · Podcast owner
August 14, 20242m 27s
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Show Notes
The publication of US consumer price inflation forces economists to become used car salespeople and real estate fantasists. Part of the disinflationary trends come from used cars (which most US households will not buy this year) and the fictional owners’ equivalent rent (which no one pays). Disinflation in these categories does not improve the spending power of most consumers.