Inflation is running at 3.8 percent. Nearly double the Fed's target. Steve Hanke of Johns Hopkins says the reason is simple: money supply has been accelerating for 18 months. Oil prices, tariffs, and wages are symptoms. The money supply is the cause. Japan proved it in 1979 when oil prices spiked and inflation fell because the Bank of Japan had already cut money supply growth in half. The practical signal: money supply leads asset prices by six months and inflation by twelve to twenty-four months. COVID played out exactly on schedule. Watch money supply first, everything else second. Gold is in a secular bull market with a target of $6,000 to $7,000. And dollar dedollarization is bunk. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 0:00 The wrong inflation dashboard most traders use...