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Strategies & Market Trends : US Inflation and What To Do About It

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To: John Vosilla who wrote (493)5/24/2014 2:22:56 PM
From: ggersh  Read Replies (1) of 1504
 
The insanity continues...

Federal Reserve Admits Truth In Internal Memo: "Prices Continue To Rise Between 3% And 33%"Submitted by Tyler Durden on 05/24/2014 - 10:00We are confused: on one hand the Fed is injecting hundreds of billions of liquidity into the market, boosting the S&P to all time highs and making the rich richer (Piketty taking Excel lessons from Rogoff notwithstanding) while the economy remains stagnant because, according to the BLS, inflation is too low,and as everyone knows the biggest lament of the impoverished middle class is that "the value of my dollar isn't being destroyed fast enough for me to feel confident about the future." On the other hand, the very same Federal Reserve Bank (of Chicago), just announced that as a result of "prices continuing to increase between 3% and 33%"(!), beginning May 27 it is hiking the prices in its cafeteria. So, clearly prices are rising at a 33% clip due to, how does the IMF put it, lowflation, right? Oh, and harsh weather.
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