CPI; Housing Starts; Building Permits
Summary: Repeat the Fed mantra, inflation is tame and we are vigilent...
and do the Hanky Skanky (danced to Aerosmiths "Dude looks like a lady".)
CPI already screaming double digit stagflation worsens sequentially.
Housing Starts headline UP! Under the sheets, the sun has set in the West...
SFR, multi unit, starts, permits, all with a 50% YOY devastation in the West.
CPI Jan +0.4% vs prior +0.4% Full Report
Inside the number: Core CPI Jan +0.3% vs prior +0.2%. Table 4 monthly increase:
food at home +1.3%; fruits & veggies +2.8%; motor fuel +1%; hospital +1.5%; non durables +0.8%.
CPI-W annual rate last 3 months all items +7.7%. Table 7: Chained 2000 dollar CPI-U the last 12 months non durables +7.6%.
Table 4: Unadjusted % change YOY CPI-W: dairy +13%; transportation +10%; computers -11%; gasoline +34%; hospital +8.6%; education +7.9%.
Table 4: non durables less food, beverages & apparel +17.9%; non durables less food +12.9%;
purchasing power of a 1967 dollar = 16 cents; 55% haircut in the last 7 years, Thanks Osama Bin Bush!
Housing Starts +0.8% Jan 1.012M vs prior 1.004M Full Report
Inside the number: YOY -27.9%; SFR -5.2% at 743K vs 784K; YOY -33.8%; West -39.6%; West SFR -49.1%
Building Permits -3% Jan 1.048M vs prior 1.080M; YOY -33.1%; SFR -4.1% at 673K vs 702K; YOY -40.3%; 2-4 units YOY -48.7%; West SFR -46.7%; West 2-4 units -53.8%.
and do the Hanky Skanky (danced to Aerosmiths "Dude looks like a lady".)
CPI already screaming double digit stagflation worsens sequentially.
Housing Starts headline UP! Under the sheets, the sun has set in the West...
SFR, multi unit, starts, permits, all with a 50% YOY devastation in the West.
CPI Jan +0.4% vs prior +0.4% Full Report
Inside the number: Core CPI Jan +0.3% vs prior +0.2%. Table 4 monthly increase:
food at home +1.3%; fruits & veggies +2.8%; motor fuel +1%; hospital +1.5%; non durables +0.8%.
CPI-W annual rate last 3 months all items +7.7%. Table 7: Chained 2000 dollar CPI-U the last 12 months non durables +7.6%.
Table 4: Unadjusted % change YOY CPI-W: dairy +13%; transportation +10%; computers -11%; gasoline +34%; hospital +8.6%; education +7.9%.
Table 4: non durables less food, beverages & apparel +17.9%; non durables less food +12.9%;
purchasing power of a 1967 dollar = 16 cents; 55% haircut in the last 7 years, Thanks Osama Bin Bush!
Housing Starts +0.8% Jan 1.012M vs prior 1.004M Full Report
Inside the number: YOY -27.9%; SFR -5.2% at 743K vs 784K; YOY -33.8%; West -39.6%; West SFR -49.1%
Building Permits -3% Jan 1.048M vs prior 1.080M; YOY -33.1%; SFR -4.1% at 673K vs 702K; YOY -40.3%; 2-4 units YOY -48.7%; West SFR -46.7%; West 2-4 units -53.8%.
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