Image Source: Unsplash
Overtaken By Events:
Figure 1: Price of dozen large AA eggs, $ (blue, left scale), ERS forecast of January (blue square), ERS forecast of February (inverted light green triangle, left scale), PPI for eggs (brown, right scale), TradineEconomics forecast of 3/13 implied PPI for end-2025 (tan triangle, right scale). Source: BLS, ERS, TradingEconomics accessed 3/13, and author’s calculations.
TradingEconomics 3/12 prices are down 37% since March 4th peak (discussion here), but apparently forecasts are for a return to higher prices.
More By This Author:
Deepening Yield Curve Inversion At 6 Months To 2 Year Maturities Since Inauguration DayWhy Shouldn’t The Stock Market Be Crashing?
GDPNow And Other Predictions
Comments
Log in or sign up to join the conversation.