Welcome Back to the 1970’s “Transitory” Inflation with Dr. Michael Busler

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from Kerry Lutz’s Financial Survival Network

Dr. Michael Busler returns to the program… The 1970’s are back, complete with inflation, gas lines, and presidential fiddling. Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday. The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year earlier. A Dow Jones survey had expected a 3.6% increase. The month-to-month gain was 0.8%, against the expected 0.2%.

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