MEET THE PRESS - Secretary of the Treasury Janet Yellen
An interesting set up for messaging - How to keep the Market running up and yet steal as much money from the people invested in the Market
Adding fuel to the fire - the FED -
According to Nomura’s Charlie McElligott, somebody is making a bet that the Fed ushers would begin winding down the party at the annual Jackson Hole festivities at the end of August, as “there has been a very large trade building the past few days which is anticipating a Fed hawkish shift in outlook.”
From the Powell Putsch to the Powell Pivot, it should be popcorn-inducing entertainment on The Street over the coming months.
Well let us take a look at some interesting items
How is your supermarket bill lately? You may have noticed that close to everything has gone up in price: meat, produce, dog food, and those rich, waist-expanding desserts. The economic recovery looks like it is going to be inflationary, with the cost of living skyrocketing across the board at the same time. But food inflation is perhaps the most frightening of them all.
The latest Bureau of Labor Statistics (BLS) data, compiled by The Wall Street Journal, shows just how much food prices within the consumer price index (CPI) have surged over the last 12 months. Here is a look at how much your grocery bill has jumped since mask fetishism emerged from basements:
Meats, poultry, fish, and eggs: +5.6%
Fruits and vegetables: +3.8%
Non-alcoholic beverages: +3.2%
Cereal and bakery products: +2.4%
Dairy and related products: +1.8%
If you happen to eat outside the home, fast-food restaurant prices have spiked 6.5% since March 2020.
There is no inflation if you do not eat, live under a roof, wear clothing, or receive medical care. Let them eat Federal Reserve notes.