Inflation is Losing Its Foundation
Every significant U.S. Inflation since 1970 has been associated with rising commodity prices. And the commodity markets are poised to decline in the coming year.
Ever since gold went off its peg in the early-1970s, there has never been a significant rise in the consumer price inflation rate without commodity prices leading the way. Worry all you want about “supercore” PCE services prices remaining hot, the potential for a t…
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