Barron's: More Quantitative Easing By Fed Is Needed - Barrons.com
Someone else just provided the following information on inflation:
"I believe that even this number vastly understates true inflation, because of a major underweighting of medical costs, but pretend it is as good as gold. The 12-month trend in annual CPI-U has been as follows:
CPI Index …. Annual
..Month .... Change
..Aug-10 ……. 1.15%
..Sep-10 ……. 1.14%
..Oct-10 ……. 1.17%
..Nov-10 ……. 1.14%
..Dec-10 ….. 1.50%
..Jan-11 ……. 1.63%
..Feb-11 ……. 2.11%
..Mar-11 ……. 2.68%
..Apr-11 ……. 3.16%
..May-11 ……. 3.57%
..Jun-11 ……. 3.56%
..Jul-11 …. 3.63%
Does this trend look like inflation is under contol, and that QE3 will be a painless slam dunk for the Fed?"
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