Keep an eye on Auto Insurance, it’s currently the cause of nearly half of all annual Supercore inflation:

May 15, 2024 10:31 pm by CWR

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CPI Day!
Keep an eye on Auto Insurance, it's currently the cause of nearly half of all annual Supercore inflation: pic.twitter.com/1w2iCSIFJp

— Michael McDonough (@M_McDonough) May 15, 2024

Auto insurance rates in the US increased by 23% over the past year.

That's the biggest 1-year spike since 1976.

Video: https://t.co/SosH5NA4Ck pic.twitter.com/YaAuuiXDF5

— Charlie Bilello (@charliebilello) May 15, 2024

See also Peter Schiff: Philly Fed survey plunges to -16.4; rising costs, falling revenues signal stagflation. Jim Bianco: If bonds lose faith in the Fed, yields will surge.

See also The markets are clearly set for a massive downside crash. The Fed can’t save you without fueling inflation. The sync movements of yields, the dollar index, and gold are a harbinger of a financial catastrophe.

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