September 17, 2014
NOT TO MENTION, JUDGING BY EVERYTHING ELSE:
Judging by inflation, it's good to be American (Patrick Gillespie, September 17, 2014, CNNMoney)
Here's one thing Americans can cross off their worry list: inflation.While the prices of some things -- notably beef -- are rising, the situation overall is very tame for Americans. It doesn't cost that much more to buy fruits or vegetables than it did a year ago, and filling up at the pump is actually cheaper.Inflation in August only increased 1.7% from the same time last year, according to the latest government data released Wednesday. That's below the Federal Reserve's 2% annual target. In fact, the August rate was the first decline in inflation since the spring of 2013.This slight dip isn't huge cause for concern yet. If anything, it's a reminder of how much better off the U.S. economy is right now than many other places in the world.
Reality can't penetrate the minds of goldbugs.
Posted by Orrin Judd at September 17, 2014 1:39 PM
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