How Wall Street got it wrong on inflation

Without the hundreds of billions in local, state, and federal spending, the numbers would be showing what our real-time Doom Index is showing, moderate contraction in the real economy already.

Friday, August 26th, 2024

Lafayette, Colorado

By Dan Denning

Pop quiz!

Sharpen your pencils. We begin this Friday’s research note with a question: How do you know you’ve begun to reach the limits of borr…