"Inflation? What inflation? Didn't we tell you the core CPI was low--nothin' you needed to worry about?"
Another piece by Bloomberg (Commodities rise to Record...) in the growing body of evidence, that in spite of the 13 headline-capturing rate hikes by the Fed, it has actually been a prolonged period of easy money.
The core rate of inflation is only two percent, you say? Man, you are well trained!
From a story over at the Financial Times (FT.com), metals prices continue to surge.
More to follow...