by Mike Maharrey
Money Metals Exchange
The so-called grownups tell us everything is fine. The inflation monster is gone now.
Or is it?
Sure, most people don’t believe it’s there, but I think the inflation monster is hiding under the bed. The adults in the room say it’s not there. But kiddos, there are signs — if you look close enough.
The headline number in last week’s September Consumer Price Index (CPI) report provides a false sense of security. Annual price inflation dropped to 2.4 percent, the lowest since February 2021.
Sounds as if we’re perfectly safe lying in our bed, right?
But look and listen a little more closely.