WARNING: Central Banks Are Now On The Cusp Of Losing Control

Wednesday, August 17, 2016
By Paul Martin

August 16, 2016

On the heels of continued propaganda from the Fed, central banks are now on the cusp of losing control.

Here is what Peter Boockvar wrote today as the world awaits the next round of monetary madness: July CPI was flat headline as expected and rose .1% core which was one tenth less than expected. On a y/o/y basis, prices were up .8% headline and 2.2% core, both one tenth less than expected. That core rate though is the 9th month in a row above 2% but nothing to see here because the Fed says they only look at PCE. Rent and medical care remain major cost issues. Rent of Primary Residence rose another .3% m/o/m and up 3.8% y/o/y…

The Rest…HERE

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