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Forbes/Milton Ezrati/7-15-2021
Sources: St. Louis Federal Reserve [FRED], Board of Governors of the Federal Reserve System
“So far, the authorities in Washington insist that there is no reason for concern, claiming that the phenomenon is “transitory.” They may be right, but coming on the heels of an endless flood of Federal Reserve (Fed)-provided liquidity and rapidly rising money supply measures, as well as clear evidence that the inflationary acceleration has surprised Washington’s experts, many quite reasonably are unwilling to ignore the figures. Should inflation take hold, it could destroy financial values and the wealth of literally millions of Americans.”
USAGOLD note: A very good article on why inflation matters…fundamentally – from a Wall Street consultant with many years experience in financial markets. One of his insights, in particular, caught our attention: “[A] surge in money growth has accompanied the surge in prices, neither of which were present when earlier concerns were voiced.” That surge in money growth is nearly off the charts, and after a recent pause, looks to be accelerating again, as shown in our lead-in chart.
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