Month: August 2014

Insignificant Inflation

08/04/2014

Despite fears of inflation, it’s currently benign no matter how measured. The CPI is up 2.1% year-over-year while the core CPI (which removes food and energy) is up just 1.9%. The PCE, the Fed’s preferred inflation measure, is up 1.6%…

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Terrific Tracks

08/01/2014

The Friday File: The seventh busiest and fifth longest subway system in the world is the New York City subway which had ridership of 1.7 billion in 2012 and has 368km of track. The busiest is the Tokyo system which…

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