Financial, Real Estate, Stock Markets Trends and Current Affairs

Today's CPI came in higher than expected (see Bloomberg: Retail Sales in U.S. Increased 0.4% in July, Less Than Economists Forecast ) due to increasing gas prices. Last session was revised downward, and sales ex-autos and gas was actually negative. For those that don't see the pattern yet, its stagflation - and I called i last year. Asset prices (CRE Continues to Drop into Foreclosure as Landlords Enjoy Skyrocketing Share Prices?) and wages (Are the Effects of Unemployment About To Shoot Through the Roof?) will continue to deflate while input prices for the production of things will inflate - the worst of both worlds.

Of course, the MSM doesn't see it that way. Again, from Bloomberg: U.S. Consumer Prices Rise First Time in Four Months, Easing Deflation Risk. Yeah, easing deflation risk in order to raise stagflation risk.

For those who didn't get the memo...

1. All Throughout Last Year and During the Inflation/Deflation Camp Debates, I Warned of the Risks of Stagflation. Did I Have a Point? Let’s Look at the Numbers Behind the Numbers…
2. Continuing the Deflation/Inflation/Stagflation/Depression/Recession Rant…