^ And US inflation up to 9.1% despite the FED doing more against inflation than the useless gangsters at the ECB. Shows that the thing is out of control.
Eurozone inflation 8.6% at beginning of July. Germany: 7.3%
I stick to my earlier prediction, we will see two digit inflation rates that will stay for long time to come.
Engine room, bridge: set recession speed. Helm, plot course for Stagflation Island. Bring us into a spiralling orbit around it until we run aground.
__________________
If you feel nuts, consult an expert.
|