Bloomberg/Patrick Gillespie/5-31-2022
“Consumers lose bearings with iPhone costing months of rent. From one store to another, prices swing wildly by 150% or more. When prices rise fast enough for long enough, consumers can lose any sense of what they should’ve been paying in the first place.”
USAGOLD note: A glimpse of economic reality once the wheels come off ……
Argentina inflation rate
(%, year over year)
Chart courtesy of TradingView.com
(%, year over year)
Chart courtesy of TradingView.com
