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.
Nota
I was right, Powell screwed up again. "Disinflation", lol. IdiotCommodity futures rallying with the market, inflation continues.
Nota
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.
Nota
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.
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