We construct a consistent series of 1-to-10 year forward inflation forecasts derived from a composite of median forecast surveys, for the CPI following 1983 and for the old fixed-weight GDP deflator (which mimics the CPI in the long run) before that. After 1990, the longer-term forecasts ...
Real GDP growth per GAAP has been negative since 2001. We are in the longest and deepest yet masked depression ever in the history of this country. PE ratios compress in bad times. Rightful short sellers are still being unjustly forced to lose but it’s the only reasonable way to invest....
We construct a consistent series of 1-to-10 year forward inflation forecasts derived from a composite of median forecast surveys, for the CPI following 1983 and for the old fixed-weight GDP deflator (which mimics the CPI in the long run) before that. After 1990, the longer-term forecasts ...