Patti and I are in Spain: Madrid now and then a walking tour of (bits of) Camino de Santiago. I’ve worked to get into walking shape. That’s a lot harder now that I’m older. We walked 16,000 steps in each of the last two days,

Inflation for March was less than half the rate of February. The most-widely reported measure, seasonally adjusted inflation, decreased very slightly in March; the last six months point to about 3.0% annual rate. Core inflation, the measure closest to the one the federal reserve favors,

I had coffee with my friend, Steve, on Wednesday. He said, “You’re going to have to talk to Jo Ann (his wife). She thinks the stock market is going to hell. You’ll have to reassure her.” I said, “Maybe we should wait six months.”