We call it…. “crazy Ivan” – Hunt for Red October
Except this is November, and the crazy came out of the CPI report.
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.7 percent before seasonal adjustment.
The index for shelter contributed over half of the monthly all items increase, with the indexes for gasoline and food also increasing.
If you were short into this there was no getting away from what went up your backside; a literal 100 handles went into the Spoos within…….
(Click link to read more)
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