…much of this decline was caused by policy and how much was simply the natural deflation of a market bubble, but the Plaza Accord became famous as an example of…

…the same 2.5 year period of time, prices at first stalled, and then began a very slow deflation. This continued last month, as on a non-seasonally adjusted basis, the median…

…of time, prices also stalled, and then began a very slow deflation on the order of -1% -5% YoY. This continued last month, as on a non-seasonally adjusted basis, while…

…a global confidence shock and dollar deflation, a tightening of credit, and push real interest rates high. The CEA is missing another issue. Its report did not acknowledge the potential…

…of that range, while permits made a new 2 year low.  Over the same 2.5 year period of time, prices also stalled, and then began a very slow deflation on…

…period of time, prices also stalled, and then began a very slow deflation on the order of -1% -5% YoY. In absolute terms that trend continued last month, as the…

…goods (gold), non-durable goods (red), and services excluding shelter (blue): The cost of durable goods had actually been undergoing *deflation* during most of 2023 and 2024, but the trend has…

…the bottom of that range:  After sales peaked, prices also stalled, and then began a very slow deflation on the order of -1% -5% YoY. That trend not only continued…

…there is still some distance to go. The Bonddad Blog “Repeat home sales as measured by Case Shiller and the FHFA confirm price deflation,” Angry Bear by New Deal democrat…

…redistribution.  (The alternative to modest inflation, deflation, is a path to macroeconomic disaster, so let’s put that aside.)  Both faster growth and more redistribution are difficult to achieve, and at…