How much inflation is really in the pipelines in the US? According to Jim Grant (see his BNN interview here), the amount that the Fed has printed over the last three months is 2.1 TRILLION dollars. This is equivalent to an annualized inflation rate of 2009%. You read that right – four figures – it’s just a coincedence that it’s the same number as the year we’re in.
This is not going to be good news once the markets start recovering.
And it’s going to be even worse news come the demographic storm of 2012.
April 2009 update: I need to check and see what Grant’s estimated inflation value is now, post new-Obama-stimulus.
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RE: April 2009 update: I need to check and see what Grant’s estimated inflation value is now, post new-Obama-stimulus.
As it is October 15, 2009 today and we officially heard that Social Security will provide NO COLA adjustment to SS recipients for 2010, based on your original post as of 12/10/2008 that showed inflation to be 2009%, what are the current real inflation numbers showing? It is certainly not the -1.58% coming out of the U.S. Bureau of Labor Statistics. So what is it now and what can SS recopients now look forward to with zero COLA?
http://stats.bls.gov/cpi/cpid0908.pdf
It’s for the Birds! The only ones I trust anymore are theSupreme Court Justices. Sometimes I don’t trust some of them.
I think the real inflation rate has officially become way too complicated for the average person to calculate. We know that CPI doesn’t really measure all that counts. And M3, the total money supply, is no longer made available to the public.