Someone’s Second or Third Term

Gentle Reader, do you have a sense of déjà vu about the economy? CNBC reports that the Consumer Price Index rose 0.8 % during May. That works out to an annual rate of 5.3 %, the highest since August, 2008.

Gasoline prices are up 56.2 % over a year ago, and used car and truck prices are up 28.5 %.

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