Tuesday, May 17, 2016

Industrial Production Stuck In a Slump... Even As Inflation Rises... And Wages Slide!!

This spells S-T-A-G-F-L-A-T-I-O-N to me!

But the central bankers are doing everything they can to increase inflation to meet their inflation GOAL! Yes, the Fed has an inflation GOAL! (They then doctor the inflation data to understate the actual inflation!)
Even as wages slumped! Janet Yellen is going for a repeat of the stagflation her university mentor created during the Kennedy years. The worst of all worlds!