There’s no inflation. Yes there is.

Inflation is an interesting thing. People who have an opinion before they see the data don’t update their priors once the numbers are revealed.
Imagine this for a second. General Motors reports revenue of $32 billion. One group of people argue that it’s understated, while another group argues that it’s overstated.
You would never see this because General Motors revenue isn’t personal. It doesn̵…

The post There’s no inflation. Yes there is. appeared first on The Irrelevant Investor.