Submitted by Tyler Durden on 07/17/2015 16:55 -0400
Greece… just another brick in the wall…
Nothing to see here, move along…
Just promise to keep borrowing, keep leveraging, and keep spending and “they” promise to keep you “safe from domestic terrorism”, “safe from buyback-preferring CEOs’, and “safe from a drop in your wealth” forever…
Source: @StockCats
Another wrench into the gears…
I just had my ah ha moment in the grocery store regarding inflation. Seven years ago before the 2008 crisis I remember when gas and several food items (mostly dairy) spiked higher than a pack of cigarettes. This did not last long. I saw now ground beef per pound costs more than cigarettes along with other food items (mostly meats). What I find interesting is every time a bubble pops the Fed instantly put new taxes on tobacco, alcohol, and gas. The idea being to enact new taxes before printing money. It is now my gauge of when things are about to go to shit when booze and tobacco are cheaper than food.