Article Image
News Link • Economy - Economics USA

Rosenberg: If You Don't Think We're Staring At Deflation, Check This Out

As per the revised Q4 data, we now see that unit labour costs slid at a 5.9 % annual rate, the third decline in the past four quarters. On a year-over-year basis, unit labour costs plunged 4.7%, which is unprecedented (the pre-revised YoY trend was -2.8%). As Chart 1 illustrates, there is a tight 82% correlation between unit labour costs and the trend in headline inflation, which we can only assume is going to fall sharply in coming months and quarters.

Join us on our Social Networks:


Share this page with your friends on your favorite social network:

Stop Wars T-shirt at The Bitcoin Store