Double Digit Inflation With No Growth

They make believe that inflation is reduced however I don't think inflation is low. As you had have seen in my discussion, theres an index called the Chapwood Index that gauges 500 different items in 20 various cities in the US. The index, every year from 11 to today, has remained in the double-digits.



So imagine double-digit inflation with 2 % GDP growth. You would be actually diminishing at 8 %. Today we saw that wage gains in the second quarter were 0.2 %. Well, 0.2 % in the quarter is like 0.8 % for a year. I can ensure you that everyones rises in medical care costs this year will suck up even more compared to that wage gain. Somehow these costs do not go right into the CPI point. I don't know exactly how they dont, but theyre simply not going to tell us exactly what rising cost of living truly is. Its much above is being reported, I think.It often tends to misshape all the numbers. It makes GDP method higher than it had otherwise be and attempts to keep a certain calmness in an extremely, quite hard economic environment.http:// ericsprott.blogspot.com/2015/09/double-digit-inflation-with-no-growth.html

09/27/2015 03:27:33
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