by Mike Maharrey
GoldSeek
Price inflation is like the gum on the bottom of your shoe that you just can’t scrape off. Or maybe it’s like a movie theater floor after a big premiere.
It’s sticky.
And that’s a problem.
The CPI data for February wasn’t anything to panic about. But nobody is throwing a party either. That’s because, like that gum adhering to your tennis shoe, it just won’t go away.
And that should come as no surprise given the amount of money the Federal Reserve and the U.S. government have injected into the economy since 2008.