Bending the Third Rail
Because We Should, We Can, We Do
Wednesday, February 21, 2007
Quote Of The Day
Barry Ritholtz on today's release of the Consumer Price Index:
Consumer prices rose more than expected last month, with big price gains coming in food and medical care. Fortunately, these two items, along with energy prices, are totally irrelevant to our economy and personal consumption, and so don't matter all that much to the Federal Reserve.


Inflation ex-inflation was, as always, flat.