IPFS News Link • Stock Market
The Powell Helium Pump
• http://news.goldseek.com, By, Dave KranzlerNot that intermittent quarter-point Fed Funds rate nudges higher or a barely negligible decline in the Fed's balance sheet should be considered "tight" money policy.
Credible measures of price inflation, like the John Williams Shadowstats.com Alternative measure, which shows the rate of inflation using the methodology in place in 1990, show inflation at 6%. The Chapwood Index measures inflation using the cost of 500 items on which most Americans spend their after-tax income. The index is calculated for major metro areas and has inflation averaging 10% (The John Williams measure which uses 1980 Government methodology also shows the current inflation at 10%).