Inflation Rate Actually At 13%, How Low Can Stock Market Go

<p>"CPI number that was released is softer than it should be due to the way it's calculated. Real home rent averages are up over 18%. The same thing can be said for home sale, food, and energy prices. The inflation rate is actually closer to 13%," says Michele Schneider. Can the supply side inflation be controlled by high interest rates? "Commodities are still low versus equities, which suggest a super cycle is on the way. Also, gold relative to the money supply is ridiculously cheap," Schneider adds.</p><p><br></p>