From the St Looie Fed (hat tip to the Longwaves chat room)
Does this look like deflation?
The technician in me sees either a bear flag or a dip to the rising trendline. But if prices went up parabolically then more often than not they come down in a mirror image. That’s not there. Therefore, I’m stickin’ with commodities and even stocking up on some (I’m not a survivalist wing nut) non-perishable food. You never know.
