What our nation actually needs

2023-12-29

What our nation actually needs is a non-governmental agency outside the realm of political influence to calculate annual and quarterly inflation in the real world. I don't know how such an entity could be funded except by subscription. I only know that inflation is much higher than our government wants us to believe. I'm tired of statements such as, "Not including the volatile food and energy sectors, annual inflation is 3.6%." This is a major market theme for the next decade. It will be a crisis of credibility. The US dollar is losing credibility as the reserve currency. That happened to the British pound many decades ago. Great Britain never fully recovered.

$TLT$ bearish

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