Paul Krugman @paulkrugman
Yes. Or use market rents instead of BLS. But even "supercore" excluding shelter is running at 3.6% over past 3 months if you also exclude used cars. Still curb our enthusiasm time, although dire Volcker scenarios look ever less likely — PolitiTweet.org
Bill McBride @calculatedrisk
@paulkrugman Rents are falling fast (much more than seasonality) as household formation has slowed sharply (after s… https://t.co/zkRLF67AAF
