GOLD 0.51% $1,391.7 gold futures

The 'basket of goods' is just a basket of cr*p, just garbage...

  1. 44,246 Posts.
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    The 'basket of goods' is just a basket of cr*p, just garbage that gets shifted to a lower cost Asian producer if China's production costs rise any higher.

    Are they actually capturing the surging cost of rent, or mortgage payments? Both are surging, gobbling up more and more household income. Some families are now paying 70% of their income on rent.
    Hey but despite the above, there is officially 'hardly any inflation' because the prices of rubber chickens and plastic fish slices are not going up. If you were spending most of your income on rent, or saving for a deposit, or paying a mortgage, would you be spending up large on the unlimited supply of rubber chickens that Asia can bring to market? No wonder the retail economy is going belly up.

    What a farce. The whole inflation thing is cooked so that central banks can keep merrily slashing interest rates with impunity.
 
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