US CPI Inflation August 21
Dear LeoFinance and Hive-Community,
this week on tuesday came the new Consumer Price Index inflation data from the United States. The continious uptrend this year was broken by a decrease to 5,3% from 5,7% last month.
The media touted that the limit was reached and there was a lot of relief on wall street.
BUT WHY?!
An inflaton reading of over 5% is still sky high. We don't have full-employment in the United States yet, as this unfolds CPI will increase even further due to the increase in labor-costs and worker-shortages.
On top the producer price index went up high this month and it takes some time that inflation reaches from producer to consumer.
In my opinion the happy days of endless free money are over, but wall street is just able to see the good news between the catastrophic news.
Let's brace for the worst and hope for the best!
Haha yes, nothing like stating something isn't as bad as it could be. The strategy is quite simple, downplay the lesser evil and hope that everyone can't see through it.
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