It has been a modestly interesting week as we had a flurry of central bank meetings, a jobs report, a clearly erroneous CPI figure, and some other stuff. Let’s start with CPI. At my business school, we used the case study method, and when you were given a bunch, but not all the information you needed, sometimes you would have to make assumptions. For example, they might show you the company revenues for 11 out of 12 months and you had to make an assumption for the missing month in order to estimate a year-end income statement and balance sheet. If your change in revenues over the past 11 months were +0.3% +0.3% +0.3% ... (full story)