Hired Economist Outlook

HOW TO SPIN EVEN BAD ECONOMIC NEWS

Bad inflation news today for the USA.

It's true, Virginia, Santa Claus is ... riding on a different sleigh, as he approaches. We can still "import inflation" (see the apparel figures).

But here's the thing. [No Kathy Griffin imitation].

General inflation is bad for financial assets, right, especially accelerating inflation; but it is positive, in a relative way, for real assets.

REAL ESTATE

So, if you were to spin this number positively, you might say that it gives a macro boost to the struggling real-estate prices market. It makes real estate relatively more attractive as an asset class.

:-)

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