Logan Mohtashami Profile picture
πŸ‡ΊπŸ‡ΈπŸ’ͺπŸ½πŸ“ˆπŸ”₯😀🫑 Lead Analyst @HousingWire Financial Truth On Housing Economics. All American Bears have failed since 1790. Press inquiries: Press@HWMedia.com

Dec 13, 2022, 17 tweets

#CPI ✊🏽

#CPI πŸ”‘βœŠπŸ½

Shelter inflation is the big cheese for Core #CPI; we should all know by now this data line needs to catch up to the reality of real-time shelter data. The bond market gets it, the Fed to old to slow, and all of you have no excuse πŸ˜‰

Remember, shelter inflation CPI lags 12 months from now; we are all in a different spot with inflation data ✊🏽πŸ’ͺ🏽

#CPI
The Mad Max basket is cooling off; no surprise.

If you don't know who Mad Max is you missed out #Thunderdome 😏

Only the Hobbits eat two breakfast baskets still elevated. We need to get control of Egg prices 🀨

🀯

#CPI
I am glad I bought my new car in October 2020 Basket is fading.

You can all see what is happening here; Core CPI is being held up by a lagging component, which is also roughly 42.4% of the index. 🀨
Remember, we will have nearly 1,000,000 rental units hitting the market next year on top of the real-time growth cool down in the data

The Fed can act old and slow, but you don't have to be. πŸ˜‰

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