CPI and PPI Expose Transitory Inflation Ruse – Ep 714

The Peter Schiff Show Podcast

* Fed forced to admit that inflation will be higher and last longer than they predicted.
* June CPI numbers come in almost double Fed’s expectations.
* Highest monthly CPI increase in 13 years.
* Stock indexes are not a hedge against inflation.
* Producer costs are rising faster than consumer prices.
* Consumer prices are rising faster than wages.
* No signs that inflation is transitory in the oil market.
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