Really, all you can do is laugh. For months in 2021, all we heard from The Fed and their sycophant media was that soaring inflation was "transitory" and now here we are, into 2022, and CPI inflation remains at its highest level in forty years. FORTY YEARS!

And even at 7.0%, it's still very understated. Let's start today with this tweet from Peter Boockvar. Again, just look around and you know that inflation is much higher than what they claim.

Again, the BLS is badly miscalculating rent component by saying OER was up 3.8% y...