On today show we are looking at whether the most recent economic figures are an indication of a trend, or a false flag? We are going to be looking at the inflation metrics and looking at the constituent elements to determine whether inflation has peaked. Will the Fed succeed in breaking the back of inflation or is inflation systemic at this point? Finally we are going to look at Europe and ask whether we are experiencing a global phenomenon and can the USA separate itself from the rest of the world in this regard?
The latest inflation numbers suggest that inflation in the US cooled from 9.1% in June to 8.5% in July according to the latest statistics from the commerce department.
There are two variables that the government will be able to influence. The first is energy prices. The second is cooling the real estate market which accounts for a 40% weighting of the consumer price index.
It’s been said that you can print money, but you can’t print food and you can’t print oil. Or can you?
Host: Victor Menasce