One of my pet themes has been that the grossly understated official inflation measures will begin to catch up to reality, and when they do, look out. A couple weeks ago it was CPI, and last week it was the Fed's favorite bogus inflation measure, the core PCE--the core Personal Consumption Expenditures Index.
Here's Exactly Why Fed's Favorite Inflation Measure Is Creating Extreme Surprise Risk
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.