Inflation swaps, which allow Wall Street in effect to make bets on future inflation, are implicitly projecting just 2.1 percent inflation over the next year.
And it’s really hard to deny that inflation is way down from its peak.
Yet many Americans don’t believe that inflation has fallen, and there are a number of commentators with large audiences insisting that there has been no improvement.
Instead, they became “inflation truthers,” insisting that the benign numbers were fake.
Now the inflation truthers are back.
Persons:
don’t, ”