Economic Old Age, Part 3: Counting Inflation On The Head Of A Phillips Pin

Now that the US economy has reached the #2 spot in the annals of business cycle expansions at 106 months of age, the Keynesian economists on Wall Street are starting to gum about the second decimal point in the monthly inflation print. As one of the geniuses at Deutsche Bank, Torsten Slok, recently pontificated,  “Since the financial crisis core […]