09/11/17

Who Are You Going to Trust, the Fed or $76 Trillion in "Smart Money"?



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Who Are You Going to Trust, the Fed or $76 Trillion in "Smart Money"?
// Zero Hedge

Let's talk about inflation.

There are two types of inflation in the world… the "inflation" that you and I experience in the form of a rising cost of living induced by Central Banks devaluing our currencies…

...and the inflation that Central Banks are "targeting" in the bizarre claim that somehow hitting said targets will unleash economic growth.

Inflation #1 is depicted in the chart below. This is the reason why everything "costs" more today than it used to.

Inflation #2 is some kind of nebulous concept that Central Bankers talk about without ever admitting that they themselves change how they define "inflation" to suit their political purposes.

Indeed, hearing a Central Banker talk about how we need to target inflation in ....

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