Growth in world trade prices has been in cyclical deflation since early 2012. As the below chart since 1999 graphs, the last two periods of similar decline were during the US recessions of 2008 and 2001. See ECRI: Price Signals of Global Slack
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Cory’s Chart Corner
In both directions. h/t @LanceRoberts
This is really pretty incredible.
US household holdings of equities and mutual funds reached a record 278% of disposable personal income in the second quarter of 2026, up from just 29% in 1982, amplifying the stock market’s influence on consumer spending and economic activity.
