"It changed in the last six weeks."
Anecdotes, but expected.
The Fed builds dysfunction into the economy with low rates - it shows when rates rise.
A sharp break to be expected after years of zero Fed rate and then increased Fed rates. Criticality Theory.
#Fed embedded deep distortions into US economy & Great Big Fat Bubble.
Raising rates pops GBFB exposes 40 years of increasing chronic distortion fr. low rates.
Only policy fwd is monetary & debt restructure.
But inflation is defined as an increase in the Money Stock.
Consumer goods prices follow higher with a lag.
M1 has been inflated.
Consumer goods price inflation follows with a lag.
NY Fed's "Underlying Inflation Guage" at 3.3% in July (14 year highs).
But Aug and Sep this price inflation measure NOT updated.
2000, M2 = $4.6T ; Oil = $23 /bbl
2018, M2 = $14.2T, Oil = $75 /bbl : M2 increase 3.1 x ; Oil incr. 3.3x
1970, M2 = $0.6T ; Oil = $3.40 /bbl
2018, M2 = $14.2T; Oil = $75 /bbl : M2 incr. 23.7x ; Oil incr. 22x
The Fed inflates prices over time.
Note pp. 18-20
Constriction of loose money brings collapse.
1970 = 150%
2018 = 340%
Wake up @TruthGundlach
UIG @ 3.16% in Aug and 3.12% in Sep 2018.
The NY Fed needs to release its full UIG model including its VARIABLE weight factors for ea. UIG element.
Go @POTUS .
Terrible damage wreaked on US by Sir Alan Greenspan stands out.
Appointed Fed Chair & #LBMA formed in London in 1987 rigging global gold prices w/ Unallocated Spot #Gold contracts.
Gold = inflation warning system.
End Sept: POTUS announces KSA wouldn't last '2 weeks' w/o US.
Mid-Oct: Saudis warned of "severe punishment" re Kashoggi
Barrick, w/ Advisory Board Bush Sr., Jim Baker III, Veron Jordan, etc., ran a gold hedging prog. that helped collapse the price of #gold in 1990s.