That reads like the internet proto-meme of twenty years ago: "You know who else liked dogs? HITLER"
From Rabobank via ZeroHedge:
OER misses
Today’s headline - "OER misses" - speaks to the key US CPI report yesterday, where the meme is suddenly that inflation pressures are past their peak because: 1) used car prices went down; 2) air travel prices went down; and 3) rent *officially* went up only a little as measured by the statistical construct that is Owners’ Equivalent Rent (OER) – which bears no relationship to actual rents being paid by people in the real economy. In short, a little statistical jazz-hands and we ‘transitory inflation!’,…despite the fact there are shortages wherever you look in US supply chains. You know where else used to have low reported inflation, but no goods on the shelves? It started with US and ended SR.
"OER misses" can also be read by middle-aged British readers as the risqué catchphrase “Ooh err, missus” of the late comedian Frankie Howerd. Besides Frankie overlapping with the USSR, and looking like Brezhnev as he aged, there is a need for that double-entendre today in terms of the broader context in which markets are operating....
....MUCH MORE, but that's the headliner
