Surprise? Citi Inflation Surprise Index Hits All-time High (Used Car Prices Rise 48.2% YoY)

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by confoundedinterest17

With The Federal Reserve going where no central bank has gone before and the Biden Administration and Congress spending like spoiled children, it is no surprise that Citi’s Inflation Surprise Index is off the charts and at its highest reading since its inception.

READ  If you can’t get sustained inflation even with $10 trillion in intervention then the organic economy is in a truly sorry state.

Used car value index (according to Manheim) is up 48.2% YoY.

READ  Transitory or Not, Inflation Is Here. It Could Be Much Higher Than You Realize

Here is Treasury Secretary Janet Yellen selling her global minimum tax rate of 15% to Americans.




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