I posted Cattle futures earlier, but I realize some of my followers may be vegetarian.
Tofu futures also trending up, and I would expect it to bust out to new highs if the Fed doesn't go .50% today. Inflation is not gone, just dipped like this chart did. Trend is once again UP, not down.
The Fed is incompetent and looks at trailing data instead of futures, so I think they screw up just like they did a couple of years ago.
Tofu futures also trending up, and I would expect it to bust out to new highs if the Fed doesn't go .50% today. Inflation is not gone, just dipped like this chart did. Trend is once again UP, not down.
The Fed is incompetent and looks at trailing data instead of futures, so I think they screw up just like they did a couple of years ago.
Comment:
I decided to look up where Powell went to college because he's such a dumbass, and found out he's a lawyer not an economist. That pretty much explains everything.
The world's most powerful economics position belongs to a god damn lawyer.
The world's most powerful economics position belongs to a god damn lawyer.
Comment:
The world's biggest economy is being run by a buffoon who's never taken an economics class. Wow.
That explains this "disinflation" speech along with "transitory inflation". An economist wouldn't use either term.
That explains this "disinflation" speech along with "transitory inflation". An economist wouldn't use either term.
Commodity futures rallying with the market, inflation continues.