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Making Ends Meet Is Getting Harder

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THIS IS NOT A “THAT’S WHAT SHE SAID” JOKE … 

|| By FITSNEWS || Charles Hugh Smith from the Of Two Minds website has a great post up this week debunking the “zero inflation” myth – and the shredding the “stable prices” narrative we keep hearing from the Federal Reserve.

His conclusion?  Stuff is more expensive.  A lot more expensive.

Oh, he’s got charts to prove his point too …

First, here’s inflation as measured by the consumer price index …

cpi

Here’s a look at soaring urban area rents …

rent

And here’s your state and local tax bill …

taxes

Yikes …

“I sure am glad there’s no inflation, because these ‘stable prices’ the Federal Reserve keeps jaw-jacking about are putting us in a world of hurt,” Smith concluded. “If we had honest-to-goodness inflation, that would push us right over the edge.”

Bottom line?  If it feels like it’s harder to make ends meet these days that’s because it is.

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