Peter Schiff: CPI and PPI Expose Transitory Inflation Ruse

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by Peter Schiff of Peter Schiff 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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