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Podcast: The Schaftlein Report
Episode: The Schaftlein Report | Stubborn Inflation rose $0.1% to 8.3% in August year over Year
Description: 1) Even with gas prices dropping, food, rents and medical expenses gained traction. We have been saying this for months. Food is up 0.8% and rents are up 0.7% 1A) Groceries up 13.5%, highest since 1979 2) Excluding food and energy, core inflation rose 0.6% to 6.3%. Way above normal. 3) Hourly earnings were up just 0.2% and are down 2.8% year over year. 4) The stock market is getting punished down 2.5%. Interest rates are rising quickly with the 2 year note above 3.7% 5) NY Times - Early polls may give Democrats false hopes in mid terms. We'll explain. Inflation, Crime...