PCE
Personal Consumer Expenditure, PCE, should be somewhat reciprocal to CPI. The FED doesn't get it. Its not liquidity its velocity of liquidity that counts for the energy one feels on the street, the optimum felt at home and the per capita GDP.
Retired physician and air taxi operator, science writer and part time assistant professor, these editorials cover a wide range of topics. Mostly non political, mostly true, I write more from a lifetime of experience and from research, more science than convention. Subjects cover medicine, Alaska aviation, economics, technology and an occasional book review. Globalization or Democracy documents the historical roots of Oligarchy, the road to colonialism and tyranny
Alaska Floatplane: AVAILABLE ON KINDLE
Personal Consumer Expenditure, PCE, should be somewhat reciprocal to CPI. The FED doesn't get it. Its not liquidity its velocity of liquidity that counts for the energy one feels on the street, the optimum felt at home and the per capita GDP.
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