by Mike Maharrey
GoldSeek
It’s getting harder and harder to pretend the inflation problem isn’t a problem.
Last month, the markets and the mainstream media threw a party when the CPI data came in “cooler than expected.” CNBC led with this rosy summary. “U.S. stocks popped on Wednesday for their best day since November, on the back of the cooler-than-expected inflation reading.”
However, the actual CPI data told a different story. It was the same narrative we’d seen for several months – the inflation monster slithering back out from under the bed.
And the January inflation data was even more damning.