Monday , July 13 2020
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Tag Archives: CPI

ECB’s Lagarde Turns Her Nose Up At The ECC!

A Pfennig For Your Thoughts May 13, 2020 * Currencies rally on Monday and throughout the night! * Gold gets off its seat to the do the stroll today….  Good day… And a Wonderful Wednesday to you! Sorry for the tardiness of the letter this morning, it was one of those mornings when I just couldn’t convince myself that I needed to wake up! I’ve been thinking about that a lot lately, and have decided that going forward, I’m not going to set an alarm, and I’ll write when my body tells me it’s...

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Peter Schiff: Inflation Is Going to Be a Huge Problem

The consumer price index fell 0.8% in April, according to the latest Labor Department data. It was the biggest plunge in consumer prices since December 2008. year-over-year, the CPI is up 0.3.By all indications, it appears inflation is the least of our problems despite massive Federal Reserve money-printing and unprecedented government spending. But in his podcast, Peter Schiff said you need to ignore the CPI because despite what it might indicate, inflation is a huge problem.Peter started...

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The True CPI Just Jumped

I recently voiced fear of coming inflation.  Yet on reflection, high inflation is already here.  While measured inflation remains low, I’ve been arguing for years that CPI bias heavily distorts official measures.  My point has always been that official measures of inflation are too high, because official measures fail to properly account for rising quality and variety of goods.  In the last month, however, all this has suddenly reversed.  Due to the coronavirus,...

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Inflation By Another Measure

The powers that be insist that inflation is low. In fact, the central bankers at the Federal Reserve tell us that low inflation is one of the reasons they can keep interest rates artificially low. But everyday people who go to the store each week smell a rat. We know our dollar doesn’t stretch as far as it used to. If inflation is so low, why do prices seem to keep going up?The only logical explanation is maybe inflation isn’t as low as the pundits keep telling us.And in fact, by one...

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The Lurking Inflation Monster

Where’s the inflation?The Federal Reserve printed money for nearly a decade, and yet, inflation – as measured by the government – has been “muted.”What gives?There are a number of explanations. For one thing, as economist Edward Stringham pointed out in a recent Interview with Mike Maharrey, the Fed has incentivized banks to hold cash. As a result, a lot of the newly minted dollars never made it into the broader economy.But the truth of the matter is, there been increasing inflation. As...

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Inflation’s Up; So What?

Here’s a strange headline for you: “Gold prices near daily highs despite better-than-expected inflation in October.”This headline is bizarre on a couple of levels. First, since when are rising consumer prices and good news? And second, why inflation be good for gold?You really have to buy into the mainstream narratives to write that headline.Consumer prices did, in fact, come in higher than expected in October, according to the latest Labor Department report. The Consumer Price Index...

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Inflation by City, from Hot to Cool, from San Francisco to Chicago

Here’s Where Americans Suffer Hot Inflation, But There Are Cool Spots Too This is something the people in the San Francisco Bay Area have figured out a long time ago: The national inflation numbers don’t quite measure up to local realities. The Bureau of Labor Statistics reported today that the national Consumer Price Index for all urban consumers (CPI-U) rose 2.0% in April compared to April last year, the highest rate since November. The BLS also releases CPIs for the 14 largest...

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Peter Schiff: The Latest Jobs Report Was Anything but Strong

The August jobs report came out last Friday. Mike Maharrey offered a little bit of analysis during the Friday Gold Wrap podcast, saying he was skeptical that the actual employment situation is as great as the mainstream seems to think. Peter Schiff offered a more in-depth breakdown of the employment report in his latest podcast, saying it was “anything but strong.”The headline number was the 201,000 jobs employers added last month. That came in above expectations, and as...

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A Boogeyman Lurking in the Shadows Of The Economy: SchiffGold Friday Gold Wrap 06.15.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.There is a boogeyman lurking in the shadows of the economy – inflation. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey talks about how inflation is already impacting the economy and puts it in context of the latest move by the Federal Reserve. He also covers some of the...

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Your Incredibly Shrinking Dollar

Over the last 12 months, the purchasing power of your dollar has dropped at the fastest rate since 2011.According to the latest data released by the Bureau of Labor and Statistics, the Consumer Price Index (CPI) jumped by 2.8% year-over-year in May. That follows on the heels of a 2.5% leap year-over-year in April.In other words, prices are going up. That’s not good news for people who buy stuff.Pundits and talking heads call a rising CPI inflation. But as Peter Schiff explained in his...

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