import price index hits 20%, a new record

heroineworshipper

Not covered by the media, but bls.gov wrote:

20% is the new 10% and it's business as usual for the zombies.

Inflation to move higher, says captain E. J. Bernanke.

There is probably life in U. Know. Where. but not as we know it.
_________________
People first, then things, then dollars.
There will be enslavement, cannibalism, & zombie invasions.

kjmclark · Heavy Crude Joined: Dec 09, 2005 Posts: 326

Nice catch!

WTF? Why didn't the media report that? I guess it was overshadowed by all the other bad news for business as usual. I wonder how much of that index is petroleum products?

We're definitely in serious stagflation. The question is still out there as to whether the "stag" or the "flation" will be worse this time. The fed looks more and more impotent every day, even though they're really doing a decent job given the situation Greenspan handed them.