Thursday, July 4, 2019
Wednesday, July 3, 2019
Food Commodity Prices Leap Again!
As if we hadn't seen charts like this one enough already this year, corn futures are leaping higher again today! After a few days last week when investors took their profits and liquidated their contracts, today, prices are leaping higher once again, as even planted crops are being devastated! This is today's chart of higher prices!
This Sounds More and More Bubbly! Meet the Everything Bubble!
...And it sounds more and more like the "everything bubble"! Look at these headlines today:
Meanwhile, stocks are setting new record highs, even as jobs weaken. Job weakness, by the way, is known as a "lagging" economic indicator! It is one of the last things to drop when the economy approaches a recession.
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