Why the Recent Drop in CPI, and Wage Growth Rates May "Not be Enough?"
Former JPMORGAN Chase Global Chief Economist & Ph.D. in Economics
The excitement exhibited by financial markets with the dip in the Consumer Price Index (CPI), and Average Hourly Earnings growth reminds me of the 1999 Bond movie titled “The World is Not Enough.” James Bond (played by Pierce Brosnan) seeks to thwart a plot to destroy a nuclear power plant to boost world energy prices. In our current world, higher ene…
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