While this morning we were re-assured by the government’s statistics that there is no inflation (or deflation); implicitly enabling the Fed’s extreme monetary policy to continue with no immediate consequence, it would appear there is an oddly synchronized rise in the price of something critical to day-to-day ‘coping’ for many – alcohol prices. Spurious correlation or unintended consequence? Cost-push or demand-pull?
Seems like it might be time for prohibition once again?
via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/dGFp58Ph3cw/story01.htm Tyler Durden