Brazil’s central bank struck back with shock-and-awe rate hike. Mexico’s central bank in tough spot after hit to economy. Argentina’s inflation at 42%.
The government better not ever stop dousing consumers with free money.
If the homeownership component in CPI mirrors the Case-Shiller Home Price Index, CPI would jump 5.1%! Not to speak of new & used vehicle prices, which I nevertheless speak of.
And companies have been reporting that they’re able to pass on those surging costs. So here we go with inflation.
We’re going to be awash in huge and even absurd percentage-growth numbers.
The entire mindset has changed.
Dollar’s Purchasing Power Swoons, but CPI ignores house price inflation.
Need a used pickup truck? Forget it, or pay out of your nose for it. But even spurned mid-sized cars are seeing stunning price increases.
Gimme a break, will ya? Wherein I rant, supported by the Fed’s own data.
These manias and the rising long-term interest rates are on collision course.