John Rubino returns… Inflation seems to be spreading. Houses are setting records (If CPI Measured Actual House Prices, Inflation Would Be 3% Right Now), and copper is crushing it. How many things have to be soaring before we’re in an inflationary environment? Still no action on stimulus and all kinds of benefits running out before year-end. Economy is starting to slow as people have to dig into savings to buy basics. Gold still falling. Where’s support? Does seasonality matter this year?
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