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- Former Treasury chief Larry Summers got panned for posting a graph suggesting US inflation could be tracing the same path now as in the 1970s.
- Nobel laureate Paul Krugman said the chart was "problematic on many fronts", adding the 1970s story was different.
- Market veteran Jim Bianco slammed the post as "chart crime", pointing out scale and calculation inconsistencies.
Ex-Treasury Secretary Larry Summers is getting backlash over a chart he recently posted, showing parallels between US disinflation today and the mid-1970s when it reaccelerated.
"This picture should be sobering to anyone convinced that we have reattained price stability," Summers said in a Thursday post on X.