Smells Like Deflation

Oh, buried in the press release on 2nd Qtr 2010 GDP estimates is this item: The price index for gross domestic purchases, which measures prices paid by U.S. residents, increased 0.1 percent in the second quarter, the same increase as in the advance estimate; this index increased 2.1 percent in the first quarter. Excluding food … Continue reading Smells Like Deflation