Sunday, March 20, 2011

MSM reports more realistic inflation figures

CNBC and USA Today told readers the shocking news that:

"A special index created by the Labor Department to measure the actual cost of living for Americans hit a record high in February, according to data released Thursday, surpassing the old high in July 2008."

The piece later went on to present a comment from Stephen Weiss, who is identified as being with Short Hills Capital:

"This speaks to the need for the Fed to include food and energy when they look at inflation rather than regard them as transient costs."

Include food and energy prices in the Fed's index? And expose the correlation between Bernanke's "quantitative easing" and inflation? Yeah, right.