Inflation………Got Ya! But Uncle Sam Says Trust Us, There Is No Inflation….Hmm, Have They Earned Our Trust? Sort Of Like “There Is No Housing Bubble” or The “Suprime Problem Is Contained” Back In 2007, Didn’t Turn Out So Well, Did It!

| January 18, 2011

This morning, we see Britain’s consumer price index grew in December to an annualized 3.7%. Fuel prices are growing at their fastest pace since July, and food prices are rolling at a rate last seen in May 2009. Like the U.S. Federal Reserve, the Bank of England has an inflation “sweet spot” of 2%. But Britain’s […]

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