Inflation is coming
Steel +145%
Lumber +126%
Oil +80%
Soybeans +71%
Corn _69%
Copper +50%
Silver +38%
Cotton +35%
Coffee +34%
Wheat +25%
FAO Food Index +25%
Cattle +21%
Bitcoin +470%
Stock Market +23%
Home Values + 8%
Hourly Wages +5%
Money Supply Up +24%Reported Inflation +1%
— Reddit Investors (@redditinvestors) March 31, 2021
Guest Post by Simon Black
It’s nothing but rosy news coming from the Federal Reserve.
Recently the Fed released this reassuring statement:
“The banking system remains well-capitalized under even the harshest of these downside scenarios. . .”
In other words, everything is just fine.
Yet at the same time, the Fed also announced that it would impose restrictions on bank dividends and stock buybacks, essentially preventing banks from passing along their profits to shareholders.
If those two statements strike you as completely contradictory, you’re right.
Continue reading “Federal Reserve: Everything is fine. Just like in 2008”