Friday, April 15, 2011

Inflation Is Creeping Up on Us

TO: GROUP MAILING LIST


Okay, today’s headline number on CPI was 2.7% annualized.  That’s the number for anyone that eats and drives a car.  The Core CPI number was 1.20% annualized.  That’s the number for the Fed members who apparently do not need the nourishment or transportation that us mere mortals require.

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