It's not that it's false inflation, it's more the fact that costs should be coming down but they're not because businesses are trying to profit from reduced costs & claiming we still have high inflation
If it was true out of control inflation, the recent increases in interest rates should have hammered inflation by now
Or at least made a dent
It's done absolutely nothing
How is this possible?
We've seen energy prices falling dramatically since June (I don't need to post those as I'm sure you can see those)
Here are the world food prices I've posted, showing they've been falling since march
SINCE MARCH
I haven't seen any food prices dropping in supermarkets
I'm also seeing countries forcing price freezes because businesses are still trying to rort it
Costs we pay have stayed high (due to this supposed inflation) while purchasing costs for them has dropped
What happens to all this difference?
It gets pocketed by big business & it shows up on their bottom line
Which is what is showing up on earnings reports atm
It's impossible to have so many companies hitting & exceeding targets while also upgrading guidance for the next quarter, if we had out of control inflation
Even if this cpi print tomo is bad, I can't trust those numbers if everything else is business as usual
Where are the downgraded earnings that should come from high interest rates & inflation??
Either cpi is going to be better than expected tomo or it's an absolute made up number to justify increased interest rates for whatever reason they have planned
As I've said before, I don't do headlines
I'm looking at pure raw data
The only headlines I like are those that say "retail have thrown in the towel" or "retail have gone all in"
Then do the opposite for that week
Haha![]()
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