In some ways it seems like an eternity…. in others it seems like a weird dream …. and in others it seems like only yesterday we started with a shutdown of the US Economy to thwart the spread of Covid….
Fast forward to today and we are almost exactly one year to the day when direct Economic Effects began ….
Get Ready For Some Crazy Macro Reports
Many, but not all Economic reports are Year over Year comparisons…
Imagine as we compare reports to an almost shut down economy, especially just in the very near term… to a much more robust, but of course not at full capacity Economy?
Here is the GDP from Fred (Federal Reserve St. Louis) – A rather slower moving Economic Measurement
Today, the United States Bureau of Labor Statistics Reported the most recent CPI number… here
This is February 2020 to February 2021 – likely to look much different next month!
Over the next few quarters many Economic numbers may have some really jaw dropping changes… just be aware it is likely better to use month over month comparisons if possible for a better measure.
We bet we will all see some pretty interesting Headline Reported numbers though!
Have a Great “Crazy Economic Report Watch” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth