This Is What You Spent Your Entire Pay Raise On

There has been some muted cheering at the Fed (and the Obama administration) when as a result of numerous statewide minimum wage hikes, average hourly earnings finally started to rise in early 2016, recently hitting a 2% annual increase, even if on a w…

Core CPI Hovers Near 8 Year Highs As Shelter/Rent Pops, Autos Drop

Having surged to its highest since 2008 in February, Core CPI’s YoY gain inched back from 2.3% to 2.2% YoY in March hovering at post-crisis highs. The food index declined in March, as did the cost of ‘shelter’ and medical care but used cars and truck p…

Startling Inflation News Illustrates The Failure Of Easy Money

Submitted by John Rubino via DollarCollapse.com,
After three decades of epic deficit spending and three years of extraordinary money creation, Japan’s economy is enjoying a rollicking inflationary boom. Just kidding. Exactly the opposite is …