CPI was flat today, although you’re unlikely to hear much about it with all the bank news this morning (in case you missed it – our largest banks are basically insolvent). In my opinion, this is the most positive news of the day. I think the vast majority of price deflation has taken place. We should begin to see flat inflation figures and very modest positive inflation by year end. And that’s a positive development.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.