US Living Standards In Grave Danger Authored by Jeffrey Tucker via The Epoch Times, “Inflation cooled, lower than expected,” read the financial press on the release of the Consumer Price Index (CPI) for July. One only needs to look carefully: when month-to-month changes are down, those alone get the headline. When they are up, as they are in July, the headline focuses on the 12-month trend. Every time. Based on the data release we have, the “cooling” is actually up from June to July, if you can believe it. (Data: Federal Reserve Economic Data (FRED), St. Louis Fed; Chart: Jeffrey… — Continue at ZeroHedge News : Read More
