The Fed’s Latest, Greatest Round of Asset Inflation
From MoneyAndMarkets.com
There goes oil, surging past $80-a-barrel. That’s up 150 percent from the December low, in case you’re keeping score.
Gasoline? Wholesale prices are up more than 40 cents a gallon in just under a month …
Heating oil? Grab an extra blanket! It just jumped to the highest price in almost a year …
Corn? It’s up almost a buck a bushel since mid-September …
Wheat? Rising. Soybeans? Yep. Sugar? Near a 26-year high. And I hope you’re not planning on eating too much chocolate this Halloween. Replacing it will cost a lot more considering cocoa futures just soared to the highest level in almost three decades.
But for everyone else, it just means higher prices at the pump … a dramatic escalation in heating bills … pricier bread … more expensive cereal … and so on.
And you know what? Federal Reserve policymakers probably couldn’t be happier! They want prices to surge. In fact, they are deliberately pursuing reckless monetary policies and a strategy of dollar debasement in order to ENSURE we get yet another round of asset inflation!
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