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Load Have Mussy on US Dollar Holders 12/16/20

This is a syndicated repost courtesy of Stool Pigeons Wire at To view original, click here. Reposted with permission.

The euro now costs $1.22 USD. I have now suffered 13% inflation in the 13 months that I have been in Europe.

Since the US still imports stuff from the ROW, I’d imagine we’re going to start seeing some of the impact of the horseshit weak dollar on US domestic consumption inflation one of these days soon.

We already have massive housing inflation. The NARcos reported 12% inflation on home sales last month.

But that’s not “inflation.” It’s “growth,” according to Wall Street’s bought and paid for handmaiden media. 😠😬 And home prices are NOT INCLUDED in CPI under the theory that houses are assets and are not consumed. Only goods and services that are consumed count.

House prices WERE included in CPI until 1982. The Reagan Administration removed them after years of raging housing inflation pushed the CPI up so fast that business could no longer afford to index their union labor contracts to CPI, and the government couldn’t afford the CPI indexed government salary and social security increases, and other indexed contracted costs, like war materiels contracts. So they shitcanned house prices and replaced them with that phony-assed maded up number, “Owner’s Equivalent Rent.”

But it works for them because it results in the massive understatement of CPI as an inflation measure. Given the weighting of OER in the Core CPI, if they used real house prices instead. CPI would be around 5%, not 1%.

Make no mistake. The truth may lag, but it’s coming to a manipulated inflation measure near you. Stay tuned.

Here as of 5:30 AM New Yak time, we have breakout, with a 5 day cycle projection of 3702. As you can see, if they get through that, theres nothing stopping a move to 3715.


The 2-3 day cycle projection is 3722-28.
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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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