The metals rally – especially in copper – came alongside indicators of ongoing inflation. Meanwhile confidence continues to collapse. Deservedly so. But one dividend: the truth continues to emerge, as ancient frauds (vaxes against infection/transmission of respiratory viruses just can’t work) are revealed for all to see.
by Dave Fairtex
Chris Martenson’s Peak Prosperity
There were four major reports this week: the CPI (Tuesday), PPI + Retail Sales (Thursday), and Industrial Production (Friday). CPI showed inflation – the Fed-and-MSM-baffling (worker-shortage-induced) “services inflation.” PPI inflation is also starting to pick up once again, while retail sales remain strong. Industrial production is flat, but down from the highs. More buying, higher prices, more expensive labor, but flat production.
Beneath the Skin of CPI Inflation, February: Inflation Saga far from Over, Core CPI & Core Services in Ominous 6-Month Trend (source – wolfstreet);
Great details from Wolf. Cherry-picking, month-over-month changes, and multiplying by 12 to annualize. Try to avoid heart failure for some of these items: