The Feds don’t have a clue what they’re doing. “Umm…I see big trouble coming do you?”

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Fed Has Made ‘One of the Most Catastrophic Mistakes in Recent History’: Proffessor Steve Hanke

Steve Hanke of Johns Hopkins University says the Fed has ignored money supply growth, which he expects to drive persistent inflation for another 2 or 3 years.

Inflation Threatens to Return to US Politics in Replay of 1980

And even if headline inflation subsides, some costs might keep climbing. Goldman Sachs Group Inc economists expect rent increases next year to run at 30-year highs. The Wall Street bank’s latest outlook pencils in inflation at an historically high rate above 4 per cent in the third quarter.

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