The latest report on US inflation at the consumer level came out this morning and it registered another jump higher. If you'll recall, this was all supposed to be "transitory".
So we'll just chalk this up to another episode of your vainglorious central bankers being DEAD ASS WRONG. And now for their next trick, they're going to crash the stock market in order to create a "reverse wealth effect" and halt what they perceive as the demand side of inflation. Do you really for one second think that that will work? But I digress. Here are two charts that tell you all...
