The Fed's Favorite Measure of Inflation Comes in at or Above Expectations

The only thing holding us above water is consumption fueled not only by unsustainable government debt but by unsustainable personal debt. New numbers out of Europe show it limping along at 0.1%. It's actually lower than population growth, meaning they are getting poorer,. Prices in the Eurozone are running at almost 7%, closer to 8% in once hard money Germany.