U.S. NEWS: “Oil prices slip from highs and inflation posts mildest reading in 6 months.” That is the good news of the day. That is also the main stream news reports, who are somewhat reckless with the truth. That is also why I write the King of Simple News in English.
Oil did go down and inflation was reported as lower. Compared to what? That’s the scam ya know?
This would be similar to asking a person if they want to jump to their death off the high cliff or the low cliff. Neither, is the correct answer. Both cliffs are sufficiently high to reach terminal velocity; you just get to think about it longer off the high cliff.
Let’s look at inflation reporting since I’m on the subject like white on rice. If inflation were to rise by 20% last month and only 10% this month, the news would be reported as, “Inflation plummets by 50%.” Rather than, “Middle America will starve to death more slowly.”
Oil did in fact slide. It slid from $110 per barrel to $109. Well la-de-da. Not long ago the news was reporting that, “Oil could hit $50 per barrel and we’ll all die.” Comedy Central couldn’t hold the light for a financial news reporter.
As the pump hit $100 when I was filling my vehicle yesterday, the radio was announcing that inflation was tame. I had $200 worth of groceries in one bag in the back seat.
Do you think inflation will impact you? Do you believe that inflation will save this economy? More importantly, do you believe that we have inflation? If you answered no to any of the questions, cut back on what ever it is that you are taking for your headaches.
We have a large problem in the U.S. and to put it into a nutshell, here it is; We are experiencing a shift from a math and physics perspective. The benefit of the shift will go to China, India, Korea, Russia, and an endless list of other emerging nations.