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 Peak Inflation? The Other Big Lie

Posted June 10, 2022

Matt Insley

By Matt Insley

Peak Inflation? The Other Big Lie

“Go to bed and hide under the covers!” says a joking reader – we think? – responding to our survey question Wednesday: What’s your first move in a bear market?

The survey shows…

Results

Far and away, moving into gold and other precious metals was the winner with more than 40% of respondents choosing that tact. In second place? Moving to cash. And clearly in last place, with about 5% of the vote, real estate.

We’ll share some of your responses from the “other” category on Monday. Interesting stuff.

Send your opinions to, TheRundownFeedback@StPaulResearch.com

Your Rundown for Friday, June 10, 2022...

Moving in the Wrong Direction!

This morning, the Labor Department unveiled the latest consumer price index (CPI) number – which measures a broad basket of goods and services.

Month-over-month in May, CPI was up 1% from April’s reading or 8.6% year-over-year… which is above the 8.3% economists anticipated.

Cpi

Source: BLS, Yahoo Finance

According to the Labor Department, the biggest contributors to accelerating inflation: prices for food, shelter and gasoline. (You know, the bare minimum to support life and livelihood.)

Speaking of real-world implications…

Click here to learn more

“The system is flashing red,” says our macro expert Jim Rickards.

But you wouldn’t know it if you watched major network TV last night; instead, the American public was force-fed the lie that the biggest problem facing everyday Americans happened on Jan. 6, 2021.

Meanwhile, budgets are being stretched to the max – and beyond – by out-of-hand inflation.

Market Rundown for Friday, June 10, 2022

Not surprising, the S&P 500 is down 2% to 3,930.

Oil’s churning and burning at $120.80 for a barrel of WTI.

Gold is down $20 to $1,832.60 per ounce.

And Bitcoin’s down below $30,000.

Send your comments and questions to, TheRundownFeedback@StPaulResearch.com

For The Rundown,

Matt Insley

Matt Insley
Publisher, The Rundown
TheRundownFeedback@StPaulResearch.com

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