Agricultural commodities are now up 21% annually.
That has a 3-month lead on CPI.
A second wave of inflation is emerging.
Coffee & Cocoa beans just updated their ATHs.
US debt is rising by $1 trillion every 3 months... and US interest expense is rising by $100 billion every 4 months.
The Fed will have to cut the rates and they will need a big crisis as a justification. COVID, Ukraine, Israel, what’s next in their plans? Scary to imagine.
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