Inflation Goes Public
The stock and bond market bubbles, followed by the real estate bubble, are effects of monetary inflation flowing into financial assets. But consumer price inflation has been low or non-existent, right? Many of us think that inflation has been in the 7-10% range for some years now, but has been hidden by government manipulation of the inflation measure. See for example:
Evidence of rising prices is now leaking into the indexes, in spite of the efforts to manipulate them. Awareness of inflation now hitting the mainstream. This week has seen a spate of inflation stories in the media:
