Hot and Getting Hotter

Hot and Getting Hotter

Investor · Fort Lauderdale, FL · Member since 2013 · 922 posts · 607 votes

The latest inflation numbers are bad, very bad.:

1. US CPI Inflation: Up to 3.7%, nearly 2x Fed's target

2. US PPI Inflation: Up to 6.3%, over 3x Fed's target

3. US Core PPI Inflation: Up to 5.0%, 2.5x Fed's target

4. US PCE Inflation: Last at 3.4%, 1.7x Fed's target

5. Brent Crude Oil: Up to $106/bbl, up +73% YTD

6. Fuel Oil Inflation: Up +74% year-over-year

September officially marked the 67th-straight month with CPI inflation above the Fed's 2% target.

The US Dollar has lost nearly one-fourth of its value in 5 years.

If you've been waiting for rates to drop for "housing to become more affordable", you'll grow cobwebs before that happens.

It may be time to stock the bunker with gold bars and cans of Spaghettios and boxes of Ramen noodles

0Reply
42 views

No replies yet. Be the first to reply to this discussion.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.