Pring Inflation index recoils from target
I have not looked at this chart for months, but it was created last year, maybe even a full year ago as we got on the inflation trades, in order to establish a target for one indicator of what most people did not believe was possible back then. That would be err, inflation.
I dropped this chart in favor of other more accurate gauges of inflation and even more importantly, the waning of inflation. But I think it’s pretty cool how it went on to hit and slightly exceed the target we set for it long ago and then pull back from that target. It’s why, just like any successful caveman, we use tools. Mmmm… tools good.
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