The Bureau of Labor Statistics posted a 2.1% rise in the Consumer Price Index that exceeded predictions for January of 1.9%. The January numbers are being closely watched by Wall Street as higher consumer prices for an array of goods signals growing inflation. The recent plummet of the stock market was attributed to fears of inflation driving up prices of goods and services and the cost of borrowing money.
Yesterday, Goldman Sachs CEO Lloyd Blankfein said that the combination of very stable genius Donald "Rump" Trump's tax giveaway to the wealthy coupled with large spending increases wasn't something he would recommend:
"I think it's a very bold thing to kind of throw a little bit more lighter fluid on a fire that was already going."Of course, when it comes to the economy and public interest, Rump is all about arson.
