Inflation eased slightly in July but remained alarmingly high. According to the latest BLS inflation report, the CPI rose 0.5% in July after rising 0.9% in June. The core CPI, which excludes food and energy, also softened, adding 0.3% in July after rising 0.9% in June. The slowdown was mainly driven by a much smaller … Read moreGold rally amid slowing inflation: what’s going on?
Producer price index (PPI) data released Wednesday did not help ease fears of inflation – the largest rise in more than a decade. In annual terms, the index rose by 7.3%. On a monthly basis, the PPI added 1% versus an expected 0.6%. According to Peter Schiff, there is no end in sight to this … Read moreThe “temporary” inflation trick
German Investors Worried About Inflation So Buy Yellow Metal – World Gold Council
History is a funny thing, almost as funny as human nature. Markets, including their latest “temporary inflation” meme, are no exception to this psychological tragicomedy. Temporary hope, timeless lies Towards the end of 1864, for example, as Union forces under General Grant approached Richmond at the end of a long and grueling civil war in … Read moreRampant inflation and destruction of money will continue for years to come