US Groceries UP 25%
The current administration claims we just experienced the 4th cheapest Thanksgiving meal in history. What makes this claim so very interesting is the fact that food costs are up 25% over the last three years. This is just one of several claims made by politicians that there is "no inflation", yet prices on everything seem to be skyrocketing.
Nobody wants U.S. Treasury bonds
Once considered a cornerstone of the investment world, US treasuries are quickly falling out of fashion. The decline can be credited, in large part, to a government laden in debt - as well as a growing mountain of uncertainty in the global economy. Is this shift a bad omen?
Bad Omens Are Everywhere
On Monday, we mentioned this news about bank branches closing. Of course, the banks cite the rise of digital banking as their reason for closure but is there a bleaker, financial motivation for these cost-cutting moves?