The Inflation “Needle” Just Touched the Everything Bubble
By: Graham Summers
GoldSeek.com
Monday, 2 April 2018
The Fed is lying about inflation.
How do I know?
Because several of the Fed’s OWN in-house inflation measures are roaring.
The New York Fed’s UIG inflation measure is currently clocking in at 3.06%.
The Atlanta Fed’s “sticky” inflation measure is growing at an annualized rate of 2.2%.
Even the Fed’s heavily massaged Personal Consumption Expenditures (PCE) metric is growing at 1.8% on an annualized basis, only slightly below the Fed’s so-called target rate of 2%.
So when I read that “inflation is subdued” or isn’t “rising fast enough” to warrant concern, I know the Fed officials claiming this aren’t even bothering to look at the Fed’s own data.
Even if you don’t believe the Fed’s data, the $199 TRILLION Bond Market is SCREAMING inflation.
The yield on the all-important 10-Year US Treasury has made a confirmed break above its long-term downtrend.
The Rest…HERE
