Thursday, February 20, 2014

Federal Resesrve

Price inflation doesn't hit everywhere at once, as this report shows.
"U.S. consumer prices barely rose last month as a sharp increase in energy costs was offset by cheaper clothing, cars and air fares. The figures indicate inflation remains mild."
So inflation is hitting energy because it's a requirement for modern living. Prices of clothing, cars and air fares are down because people don't need to buy them. They can wear their old clothes, drive old cars and forgo flying. The prices of necessities rise while the prices of non-necessities fall.

Six bankers, three from JPMorgan, have committed apparent suicide in the last few weeks.

Silver and gold breakout.

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