By Wolf Richter www.testosteronepit.com
The ugly numbers speak volumes on how the policies of the Federal Reserve hurt the real economy. But those very policies enable Congress and the White House to run up ruinous budget deficits.
Inflation is getting worse. CPI is up 3.9% over the past 12 months (BLS report). For "Urban Wage Earners and Clerical Workers," it spiked 4.4%. Price pressures in the supply chain indicate that this trend isn't going to abate anytime soon. Producer prices
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