How the government is fudging inflation numbers

Wall Street Unplugged - What's Really Moving These Markets

Markets are down sharply as today’s Consumer Price Index (CPI) data came in hotter than expected—leaving investors worried the Fed will continue its aggressive interest rate hikes. Prepare for a rant on the government’s “creative” inflation calculations… and why the Fed should ignore the CPI figure altogether—but won’t. I explain how world governments are contributing to 40-year-high inflation… what the Fed should do to finally tame it… and why markets could drop 20% from here if the Fed doesn’t get its act together. On the plus side, I expect the Fed’s actions to lead to some great deals on Black Friday. In this episode [Aim for 5 bullets max]: Why inflation data came in hotter than expected [0:30] How the government fudges inflation data [3:00] Experts continue to be dead-wrong on inflation [10:58] My advice to the Fed [16:05 Why the markets could fall 20% from here [29:25] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ :