by Karl Denninger
The data says annualized GDP was up 4%.
But from 12/31/2018 to 12/31/2019 federal fiscal expansion was $1.227 trillion.
That is 5.87% and that is actual inflation. That’s right — The Fed is not only lying they are knowingly and intentionally participating in a nearly 6% inflation rate right here and now, and you’re taking it up the ass.