http://www.thefiscaltimes.com/Columns/2015/11/17/Inflation-Coming-Real-Time
Inflation just isn't a clear and present threat: Producer price
inflation has been cratering, dropping at a 1.6 percent annual rate in
October on a persistent drop in food prices. On Monday, wholesale
gasoline futures tested down to $1.20 a gallon — a level not seen since
early 2009. Copper and crude oil are similarly weak. Other measures,
from China factory gate prices to U.S import prices, all tell the same
story.
This OpEd piece from Anthony Mirhaydari is full of fictitious numbers, quoted right out of MSM and just parroting what passes for the truth in financial (so-called) "journalism".
ReplyDeleteAnnual inflation at 1.9%??? Does Anthony shop for groceries? How about attempting to find a reasonably priced rental? Or how about a "fair and equitable" medical insurance plan? No. The "true" annual rate of inflation is closer to 9.0%
We make believe there's no inflation and they make believe its 1.9% :)
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