Pantheon Macroeconomics - Another day, another sharp drop in the stock market, and another wavelet of commentary suggesting recession and deflation are just around the corner. We have no argument with the idea that the manufacturing sector could contract over, say, the next six months. But the other 88% of the economy--apart from the 1½% of GDP generated by oil extraction-- is benefiting from the strong dollar and cheap fuel.

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21 Jan. 2016 Why Aren't Core Goods Prices Falling Much Faster?

By Ian Shepherdson

Another day, another sharp drop in the stock market, and another wavelet of commentary suggesting recession and deflation are just around the corner. We have no argument with the idea that the manufacturing sector could contract over, say, the next six months. But the other 88% of the economy--apart from the 1½% of GDP generated by oil extraction-- is benefiting from the strong dollar and cheap fuel.

Posted: 21st Jan 2016 in 'U.S. Documents'

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Keywords for: U.S. Documents | 21 Jan. 2016 Why Aren't Core Goods Prices Falling Much Faster?

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