We Are In Mass ‘Jonestown’ Delusion Territory
Submitted by Larry McDonalds, author of The Bear Traps Report
In April, Goldman Sachs was looking for tame CPI inflation by December 2021. That’s right, the best and brightest told us core would be 2.20% and headline data of 2.77% was coming. Today, they brought out the eraser with a forecast of 5.19% and 6.31%.