Curious if you have any take on Michael Green's latest piece. If I got it correctly, he decomposes the CPI and argues that regarding the two most contributing factors, shelter is heading down in trend and transportation services are going down after a significant time lag following vehicle prices.
I think Mike's pieces are incredibly informative and helpful. I think its more about timing. Its clear that the market doesnt hold the same view as Mike right now and that there isnt a clear deviation from CPI prints where the market would be indicating that the CPI data is "wrong."
I also think Mike is operating on a much higher time horizon. He reads all my pieces and know we probably agree on the current tensions but that on a different time horizon his insights carry a lot of weight.
I don't personally see how views as that different but I dont want to speak for him
Curious if you have any take on Michael Green's latest piece. If I got it correctly, he decomposes the CPI and argues that regarding the two most contributing factors, shelter is heading down in trend and transportation services are going down after a significant time lag following vehicle prices.
I think Mike's pieces are incredibly informative and helpful. I think its more about timing. Its clear that the market doesnt hold the same view as Mike right now and that there isnt a clear deviation from CPI prints where the market would be indicating that the CPI data is "wrong."
I also think Mike is operating on a much higher time horizon. He reads all my pieces and know we probably agree on the current tensions but that on a different time horizon his insights carry a lot of weight.
I don't personally see how views as that different but I dont want to speak for him
Thank you so much for your detailed answer. It's always inspiring to pick the thoughts from the minds of the intelligent.
Yeah i like picking mikes brain too ;)