How The Fed Fostered Double-Digit Inflation…..Again! (Part 1)

We don’t really care if June marked the inflation peak or not. Yesterday’s revelation that wholesale (PPI) commodity prices rose by 23.4% on a Y/Y basis in June is the far more important data point. As it happens, that was the highest gain since the 28.9% Y/Y increase posted 75-years ago (June 1947) as the […]
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