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    US CPI 7.1% YoY vs 7.3% expected, 0.1% MoM vs 0.3% expected

    @resjudicata Well if food was 0.5% then annualised, it comes in at 6% so still well under 12% and clearly headed in the right direction. Also food is not the biggest expense for most people, shelter is.
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    Why’s I’d fair to tax the interest on savings when I can’t claim the increased cost of everything else as a tax deduction?

    @danmat777 If you have a reasonably large amount of money and you are looking to preserve it for a fairly long time then just buy gold or silver. They will griw in value roughly in line with inflation over the long term. You are not taxed on that so you will avoid losing money from inflation and...
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