This morning's economic indicator release shows inflation rising at the fastest pace since the good ole' Jimmy Carter days. Millennials and Zoomers are about to get a taste of the 'Misery Index' to add to all their problems. But of course, many will continue to channel 'orange man bad'.
Inflation was reported off the charts, way above even the wildest estimates. CDMedia has been telling you this is coming for a while. As Steve Bannon likes to say on War Room, 'Embrace the suck!'
This is not rocket science -- debase the currency with purposeful irresponsible spending and this is what you get...Happy now OBiden?
And he's only just begun to fight! Fuel has been cutoff to red states...food and medicine next?
We are optimistic at CDMedia we will eventually get a legitimate government in The White House but until then, protect your family, and your net worth, with diversification out of equities and into precious metals and commodities...things you can touch.
Markets are down again this morning on the news.
Consumer Price Index Core s.a. (Apr) printed at 273.7.
Consumer Price Index (MoM) (Apr) printed at 0.8% vs 0.2% consensus estimate.
Consumer Price Index n.s.a. (MoM) (Apr) printed at 267.054 vs 265.584 estimate.
Consumer Price Index ex Food & Energy (MoM) (Apr) printed at 0.9% vs 0.3% estimate.
Consumer Price Index (YoY) (Apr) printed at 4.2% vs 3.6% estimate.
Consumer Price Index ex Food & Energy (YoY) (Apr) printed at 3% vs 2.3% estimate.
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