All Posts Tagged With: "Mish Shedlock"
US Commercial Property Plunges
US commercial property prices plunged in February, their steepest drop since records began almost 15 years ago, according to a report in the Financial Times.
The value of commercial buildings fell 1.03 per cent between January and February, the largest monthly decline since at least 1993, when the industry was just emerging from a deep slump.
No Inflation If You Don’t Eat or Drive
Inflation, if you believe what the government tells you, ran at 3.9% in the 12 months ending this April, but was it more like 5% or even 10%?
According to CNN “part of the disconnect may be due to the fact that nondurable goods, such as food and gasoline, makes up only 12% of the Consumer Price Index (CPI), the main measure of inflation.
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