Breaking Down Biden’s Bogus “Zero” Inflation Comments

The U.S.’s latest inflation report may not be as positive as the White House is playing it off to be…

Last week, the Bureau of Labor Statistics’ Consumer Price Index (CPI) showed prices rose 8.5% on an annual basis. This was below Wall Street’s anticipated 8.7% rise and June’s increase of 9.1% thanks to moderating oil prices.

Month-over-month, the CPI showed prices remained flat with 0% growth. In the previous month, the CPI jumped by 1.3%.

This prompted the Biden administration to say the economy had “zero percent inflation” in July. 

But the President’s math doesn’t add up…

Even though inflation wasn’t as high as money manager’s projected, the figure still rose 8.5% on a yearly basis. Meanwhile, the food-at-home index, which represents groceries, surged by 13.1% – marking its fastest rate of growth in 43 years.

This suggests that while there was a slight reprieve in prices at the pump, foods such as flour, chicken, milk, bread, and eggs are hitting record levels.

Year-over-year, flour and chicken prices gained by 22.7% and 17.6%. Meanwhile, milk, bread, and eggs saw prices jump by 15.6%, 13.7%, and 38%, respectively.

And the cost of living also grew. On an annual basis, shelter-related costs climbed 5.7%. Month-over-month, the figure increased by 0.6%. 

So, despite July’s “zero inflation,” total inflation growth remains well above the U.S. Federal Reserve’s target rate of 2.5%. 

This means we can expect more rate hikes from the central bank in the months ahead – as inflationary pressures are unlikely to end anytime soon.

As a result, investors will likely continue to pile into value plays, safe-haven assets, and cyclical stocks – including one trading at an absolute bargain…

The perfect $4 inflation stock?

Whitney Tilson

In 1997, I did something many people would call unthinkable.

I took every penny in my wife's entire retirement account – with her permission, of course – and invested the $20,000 in shares of America Online.

A year later, I cashed out for $120,000.

It blew my mind how quickly I'd made $100,000.

Why am I telling you this?

Because I see a chance for you to do something similar today (for only $4).

The similarities to AOL, before the stock made me $100,000 over 12 months, are uncanny.

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More important… I think this stock could soar by 1,000% over the next handful of years.

Some of the biggest names in finance, including Bill Gates, are investing millions into this little-known company.

To see for yourself where this money is headed, click here.

$3.73 EV Stock No One's Talking About

This company is a sneaky EV play that no one’s talking about.

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$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

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The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

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53-cent Biotech Stock with $2 Price Target

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only 53 cents.

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