Independent thinking for complex markets and current events
On September 4th, Jagmeet Singh, leader of Canada’s socialist New Democratic Party (NDP), publicly announced that he pulled the plug on his agreement with Prime Minister Justin Trudeau. This deal has kept Trudeau’s shaky minority government afloat, preventing it from falling to a vote of no confidence. If Singh follows through, Trudeau’s government could finally …
by confoundedinterest17 This reminds me of “The Human Farm” episode of Parks and Recreation. A new report from the US Department of Agriculture forecasts that US farmers are poised for another year of financial misery, facing the most significant decline in incomes in almost two decades as crop prices slide and US dominance in ag exports wanes. USDA forecasts …
by confoundedinterest17 I love orange juice! Unfortnately, as a diabetic, OJ is off limits. So I have to watch others drink one of my favorite beverages. But like everything else under Bidenomics, orange juice is far more expensive. Orange juice futures, the subject of the comedy “Trading Places,” are up 192% under Biden’s Reign of (Economic) Error. …
by confoundedinterest17 Biden’s “reign of error” is horrific. The inflation caused by Biden’s policies, The Federal Reserve and insane Federal spending has caused mortgage rates to soar 144% since Biden took office. While The Fed is likely to pause today, but Fed Funds are pricing in a July rate hike. Banks are not going to …