New CPI – Now With More Nonsense

Overview: Today the US Bureau of Labor Statistics released the April Consumer Price Index (CPI) of 8.3%.  This is above expectations of 8.1% and below last month’s 8.5%.  Let’s discuss what this means. First, as we pointed out in this post, the CPI doesn’t reflect objective reality.  It’s a number made up by the government … Read more

Is the US Dollar Going Up in Value or Down?

Introduction: We’ve been writing about inflation and the destruction of value in the US Dollar since November last year.  However, when we talk to other market professionals, they comment on the strength of the Dollar.  How is this possible?  Can we have a strong Dollar and a weak Dollar at the same time?  Who’s right … Read more