- On May 12, it was revealed that the Consumer Price Index had risen 4.2% year-over-year, the fastest pace since 2008.
- According to the Bureau of Labor Statistics, in every month this year, the month-over-month change in prices has been greater than the change in the previous month.
- Clearly, if this trend continues, or even fails to dramatically reverse, we could be looking at inflation well north of 5 or 6 percent for the calendar year.
- It is my belief that the injection of trillions of new dollars into the economy merely offset the downward trajectory of prices that should have occurred during a severe recession.
- Investors should do what they can now to protect their wealth from the effects of the inflation tax by seeking assets that will potentially hold up if the dollar does not.
For further details see:
Inflation Crashes The Party