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Inflation is now an undeniable reality: Authers’ indicators


Bloomberg/John Authers/7-13-2021

Cartoon by Ed Stein of dollars flowing in an hour glass and investor caught in flow saying 'keep printing'

“Inflation in the U.S. is now an undeniable reality. June’s ‘headline’ consumer price index, including everything the government puts in its representative basket of products and services we buy, stands at 5.4%, the highest in 30 years barring one month in the summer of 2008 when oil reached nearly $150 per barrel.”

USAGOLD note: After running through a dashboard of indicators – eight sets of them – Authers makes an interesting assertion: “Whatever markets say, the experts are still more worried about deflation.” One wonders if Fed economists might be included in that group of “experts” and deflation concerns the reason for Powell sticking to his guns in Congressional testimony this week. In addition, and we have expressed this view all along, the Fed and the Treasury Department alike have funding the huge fiscal deficits as a primary incentive for keeping current policies in place.

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