We Found The Inflation The Fed Is Looking For

We Found The Inflation The Fed Is Looking For

We found rampant asset inflation around most every corner. Frankly, it was not difficult to find. The Fed either needs to re-tool its definition of inflation or be transparent about the fact that it is working diligently to promote the wealth effect.

Here are a few asset bubbles as measured from the market trough in mid-March through November 9th. All are well above the Fed’s 2% average inflation target: