Get real chumps!...............from Rico

The FED says "inflation will remain subdued."
- If you EXCLUDE food and energy from your inflation calculations like they do, this is true. Inflation can be considered subdued. Riiiiiight.

Since 2006 when Ben took the helm at the FED (that's six years for Chicago public school students):
- The cost of gasoline is up 34%.
- The cost of electricity for households is up 23%.
- The cost of eggs is up 30%.
- The cost of bread is up 25%.

The FED knows better than what it is 'passing off' to John Q. Public, but telling the truth is a good way to get tarred-and-feathered.
- I can see why they would blatantly LIE about inflation.

The FED might just as well have issued a one sentence statement: "Let them eat inflation."

Expect QEternity going forward...