Saturday, October 31, 2020

Tag: Inflation Rising: Consumer Goods Prices Increase by Most in Seven Years – Nathan McDonald (14/08/2019)

Inflation Rising: Consumer Goods Prices Increase by Most in Seven Years – Nathan McDonald (14/08/2019)

by Nathan McDonald, Sprott Money:

The trade wars are taking root, and finally the damage is starting to ripple through not only Wall Street, but Main Street as well, as inflation steadily ticks higher.

This comes on the heels of a rate cut last month, in which one of the reasons given by the Federal Reserve was because they believe inflation was too low.

It is laughable to think that this would be a motive, and it just goes to show the complete disregard that the Fed has for the average person on the street who works hard their entire lives and saves for retirement, just to see those savings slowly chipped away by an easy money policy.