It’s that time of the month when the BLS lies through its statistical teeth and Wall Street parties on the lies. The bigger the lies, the better the response.
Here’s the headline:
Yes, the “core” inflation was down! We’ll get to that in a minute. It’s pure BS.
But first, it wasn’t just stocks that partied but also bonds. Check out this orgy of ‘up and to the right’ that was kicked off by the supposedly tame CPI print.
Again, it was the entire complex of Western and Western-adjacent stocks that got the party vibe from the lame/tame US inflation print. It didn’t matter if you were a small cap, a large cap, an industrial, a tech stock, German, Japanese, or European – if you were a stock or stock index you vaulted higher on the news.
Same for bonds:
As you know by now, I am deeply skeptical of the entire edifice of “finance” knowing as I do just how much of it is disconnected from reality, dependent on Fed printing, and mainly used as a form of narrative control by the powers that be to keep the little folks sedated and complacent.
And that explains why it’s so important to understand the deception at a level sufficient to fully know what a load of bollox it is.
To begin, here’s the first portion of the relevant table from today’s BLS CPI release that we’ll be tearing apart (Click here to continue to the Scouting Report for Subscribers)
Here’s the video I produced for the public on this very topic…please share with anyone who you think needs to know this: