From @fcastofthemonth
"This is totally inexcusable. The BLS just assumed rent/OER were zero for October. I am sure they have a good technical explanation for this, but the only way you get a two-month average for rent of 0.06% and OER at 0.135% is assuming October was zero.

Some CPI observations:
The recent cooling in housing inflation (rent & OER) accelerated significantly in Oct & Nov. 3M CPI housing inflation was 1.6% annualized, vs 3.8% three months ago. This will show up in PCE too, but it's so sharp we should wait for more data to confirm. /1

Ernie Tedeschi

Twitter

Over the past six months, I've gone from being an observer of Web3 to entering the payment industry. Now, I've chosen to stop and cease working on Web3 payments.

This isn't a retreat after a failure, but rather a judgment and adjustment made after truly getting involved. In these past six months, I've traveled to Yiwu, Shuibei, Putian, and even Mexico, seeing how payments are actually implemented in the most prominent places mentioned in reports. I've also been involved, building a Web3 payment MVP, taking over accounts, developing Web3 payment tools, and trying to run my imagined path from the first step to the last.

But the further I went…

An entrepreneur's account: From beginning to end, why I stopped developing Web3 payments.

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some sources are reporting negative rent, so what are you talking about it's 'inexcusable' lmao