Per Charles Hugh Smith, who has gathered his data from the St Louis FED's Fred Data Base, here are some numbers for you to judge, comparing data between year 2000 and year 2015. The percentages are rounded.
CPI, up 38%, from 170 to 240. Numbers not 100% accurate, as they are from a visual chart, but fairly accurate.
Urban rents, up 56%, from 185 to 290 on the measuring scale.
State and local taxes up 75%, from 900 to 1,580. Wy for cities to raise money, suck the poor with higher fees and penalties for paying late.
Colleges up 100%, from 80 to 103. This % seems higher.
No rate hike because there is no inflation. Meanwhile, the lower and middle class are bearing the blunt of these inflationary costs, while the FED enriches the banks and Wall Street.
As an added issue, the Atlanta FED just published that the 2nd quarter GDP estimate was on point, at 2.3%, down from the first quarter. Now they are forecasting the 3rd quarter at 1% GDP. This points to a recession, while inflation inches up. It also points to the FED most likely keeping the interest rate at its current level.
CPI, up 38%, from 170 to 240. Numbers not 100% accurate, as they are from a visual chart, but fairly accurate.
Urban rents, up 56%, from 185 to 290 on the measuring scale.
State and local taxes up 75%, from 900 to 1,580. Wy for cities to raise money, suck the poor with higher fees and penalties for paying late.
Colleges up 100%, from 80 to 103. This % seems higher.
No rate hike because there is no inflation. Meanwhile, the lower and middle class are bearing the blunt of these inflationary costs, while the FED enriches the banks and Wall Street.
As an added issue, the Atlanta FED just published that the 2nd quarter GDP estimate was on point, at 2.3%, down from the first quarter. Now they are forecasting the 3rd quarter at 1% GDP. This points to a recession, while inflation inches up. It also points to the FED most likely keeping the interest rate at its current level.
