Big day today – The government reports its latest inflation numbers. I don’t know what to tell you in regard to what the government reports as inflation. Here is what does not add up:
Inflation was reported at an annual rate of 6.4% this morning. I wish it were only 6.4%! Could you deal with prices only going up 6.4%? How about the 20% or so inflation we are seeing in reality?
If inflation has reportedly come down 7 straight months, how come, in real life, it seems to be going up?
Then, my favorite: The Bureau of Labor Statistics changed how they report inflation this time. Now, I don’t know about you - I find it very suspicious when the government makes changes in its reporting. Of course, they don’t show you a comparison between the old way and the new way. What was wrong with the old way?
Then, here is the biggest question of them all – they are reporting that inflation is subsiding. When do prices start to go down? Or do they?
It is all one big fairy tale written as they want us to see it. If you want to inflation-proof your investments, let's talk! We can schedule a 15-minute phone call where I can share some ideas. - info@prudentmoney.com
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