07/06 Week, page-197

Inflation is going through the roof! If you include core prices (food and energy) you get +0.7% inflation for the month of May - which is nearly double what was expected! Comes to about 8% per year (4 X more than the fed's target) and much more if price acceleration continues - which it will if the money hose is not turned off. But the market don't care as long as the fed keeps the money hose turned on full blast - for now anyway. Me thinks the democrats are deliberately attempting to destroy wealth. The US to become the next Zimbabwe!