by James Quinn
We know for a fact that home prices are now at 2006 highs. We know for a fact that rent has been going up at an annual rate of 3% to 6% for the last few years. We know for a fact taxes, tolls, and government fees have been going up at 5% to 10% per year. We know for a fact that our healthcare costs are going up by 10% to 50% per year.
Checkout the increase in commodity prices below over the last year. Do you use any of those products in your daily life? Even cattle and wheat, which fell in the last year, are now up 5% to 7% in the last month.
The Federal Reserve and the government drones at the BLS still tell you inflation is running at 1.7% in the last year. Do you believe them or your bank account?