Summary: Inflation rose .6 percent in January (the highest increase since February 2013).
The price of gasoline has helped drive the increase.( increased 7.8 percent in January) Now its up to 4.0 percent. The speed has doubled in the last year, rising from .3 percent to .7 percent. Steen Jakobsen of Denmark’s Saxo Bank believes inflation could be much higher by the end of the year. He said that prices for Bitcoin, might increase by 165 percent by the end of 2017.
Analysis: This isn't the first time we had something like this. There was also the inflation of the 20's which led to the Great Depression. So whoever is regulating our economy needs to act fast before history repeats itself.
http://www.offthegridnews.com/current-events/inflation-is-back-biggest-increase-in-4-years/
This is scary. The economy is hard thing to take care of, that's true, but the Obama Administration did it quite well for eight years. Trump has no reason to not do a good job with the economy, so hopefully he has some good people.
ReplyDelete--Anna Czyzewski