Quote of the Day

"The meme-stock bubble, though, has no real legacy, other than . . . some memes and catchphrases. It was just a bout of collective madness that made some people very rich and a lot of people much poorer."

(James Surowiecki)

Chart of the Day

Inflation, i.e. core CPI less shelter, has gone negative. (via @calculatedrisk)

(twitter.com)