CHART OF THE DAY: It's Good The Poor Can't Eat Rubber Or Gas
10/26/20 07:51AM EDT
Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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As Wall Street cheers on #MegaStim via CTRL+Print and US Dollar Devaluation, the cost of American living continues to rise in those devalued Dollars, when no-to-low-income people can least afford it:
- Corn continued to inflate, up another +4.3% last week to +13.8% in the last month
- Soybeans inflated another +2.9% last week to -6.1% in the last month
- Natural Gas inflated another +7.1% last week to +6.3% in the last month
- Copper inflated another +2.0% last week to +4.5% in the last month
- Rubber inflated another +7.3% last week to +20.0% in the last month
It’s a good thing The People can’t eat rubber, I guess.
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