What we're about to experience is something we haven't seen in 100 years.
Buckle up. pic.twitter.com/4HAVFzEMxk
— Financelot (@FinanceLancelot) June 6, 2022
Raw material prices hit a new all time high – Bloomberg
“Let’s hope the FED pivots” pic.twitter.com/vJPxfmrELh
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) June 6, 2022
Inflation rates 👇 pic.twitter.com/3bl7Z8wtbV
— Álvaro Oviedo 🇺🇦 (@alvoviedo) June 6, 2022
Amid Biden's failure to act, parents are still struggling to find baby formula as the out-of-stock rate hits 73% nationwide — and 90% in seven states.
“It’s so draining trying to find formula. I’ve literally gone from store, to store, to store, to store.” pic.twitter.com/FgmfrGuOeJ
— RNC Research (@RNCResearch) June 6, 2022
*U.S. AVERAGE RETAIL GASOLINE PRICE HITS NEW RECORD $4.91 A GALLON – AAA pic.twitter.com/PAhh2RjXFF
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) June 6, 2022
🔴Italian Foreign Minister: The "global bread war" has begun⚡️⚡️⚡️ $RIBT pic.twitter.com/TY5IqanQ4d
— BANDER ALSHEMRI (@JjZg0GfW2UR8IYe) June 6, 2022
"Prices today, including food, rents, and gas, are up 8.3% from a year ago — FAR more than wages."
It's Biden's Great American Pay Cut.pic.twitter.com/xIQ3oQw7oB
— RNC Research (@RNCResearch) June 6, 2022
Australia AIG Services Index May: 49.2 (prev 57.8)
— LiveSquawk (@LiveSquawk) June 6, 2022
AIG SERVICES INDEX ACTUAL 49.2 (FORECAST -, PREVIOUS 57.8) $MACRO
— Breaking News | FinancialJuice (@Financialjuice1) June 6, 2022
$13.2 billion in high yield deals have priced so far in Q2–on track for lowest issuance since 2018, according to Goldman pic.twitter.com/GKw65JEFvA
— Gunjan Banerji (@GunjanJS) June 6, 2022
JAPANESE ALL HOUSEHOLD SPENDING YOY ACTUAL -1.7% (FORECAST -0.6%, PREVIOUS -2.3%) $MACRO
— Breaking News | FinancialJuice (@Financialjuice1) June 6, 2022
There’s No Immediate Cure For Sky-High Gasoline Prices
Everything that the Biden Administration has done thus far has failed to curb rising prices. Experts believe that high gasoline prices are likely to persist for the foreseeable future.
Global Food Prices Are Surging to All-Time Highs
The likelihood that we see continued escalation (riots, and even revolutions) in the most impacted countries is rising daily.
Inflation Will Be ‘Higher’ and Last ‘Longer’, Warns Arthur Laffer Jr.
Arthur Laffer Jr. said that inflation will get “higher” and will be here for “longer,” arguing America’s energy dependence has led to inflationary pressure.