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Wholesale prices jump 6.6%
- [Daily Mail, Where America Gets Its News] Data released Tuesday shows US producer prices jumped 6.6% annually in May
- It is the largest jump for the index since annual data was first kept in 2010
- Deutsche Bank warns inflation could become 'devastating' if trends continue
- Republicans blame Fed's loose money policy and massive fiscal stimulus
I've said it before, I'll likely say it again: If there's $1.2 trillion total in circulation, and you put $1.9 trillion more in, that means 150 percent inflation.
Posted by: Fred 2021-06-17 |
