Watch Out For Big Jump in Consumer Prices
June 23, 2009
NY Post
INFLATION IS NEAR.
Imagine that I’m walking around with one of those sandwich boards proclaiming that soon — very soon — Washington is going to start reporting that consumer prices are rising by uncomfortable amounts.
Sorry, folks.
But when you are doing a column about the Consumer Price Index — or CPI, as it is lovingly called by the Bureau of Labor Statistics (BLS), there’s very little a columnist (or even a magician) can do to make this very moist.
Warning: dry stuff ahead!
But you really should continue reading because what I’m about to tell you could have an immense impact on your lives if you invest in the stock market or in bonds, are going to borrow money or save it, care about the nation’s recession or maybe just want to know something that the bloodsuckers on Wall Street don’t.