David Stockman: How the Fed fostered double-digit inflation…..again!
by David Stockman on Contra Corner: 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) […]
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Source: https://www.dollarcollapse.com/david-stockman-fed-inflation/
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