"When you look at the inflation numbers, these are chain weighted inflation numbers, designed to be artificially low. If you look at non-chain weighted inflation index we think it's running at about 12%. With short-term interest rates at zero that means people with money in the bank are losing call it 5-12% of their purchasing power annually. We have 34% more money in the US system than we had 14 months ago, of course we're going to have inflation, and it's going to be significant. I think investors and savers, retirees, need to think about how to maintain purchasing power of their capital.
Submitted June 16, 2021 at 01:08AM by pineapplepiebrownie https://ift.tt/3vr53MB
