Dear Bloomberg TV,
It is disingenuous to say yesterday we are experiencing a 3x increase in health care prices from August to December, and today suggest we are not experiencing any inflation.
Gold prices are inflating
Food prices are inflating
Energy prices are inflating
Housing prices are deflating
The dollar value is deflating
Thus we are in inflation. You should see that we are in ~20% inflation per year. It will hit 100% or 1000% if it is ignored. Please look at South American Economic History for reference to these problems.
The fed needs to say we need 3 months of 8% increase on current. This should allow for the psychological relief necessary. This should be introduced before year end.
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