CPI and PPI Expose Transitory Inflation Ruse – Ep 714

* Fed forced to admit that inflation will be higher and last longer than they predicted.

* June CPI numbers come in almost double Fed’s expectations.

* Highest monthly CPI increase in 13 years.

* Stock indexes are not a hedge against inflation.

* Producer costs are rising faster than consumer prices.

* Consumer prices are rising faster than wages.

* No signs that inflation is transitory in the oil market.











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