This is an important chart!
Global food prices are surging to all-time highs, well past levels that caused significant socioeconomic unrest in the past.
The likelihood that we see continued escalation (riots, and even revolutions) in the most impacted countries is rising daily. pic.twitter.com/c1UKDFUk2S
— Markets & Mayhem (@Mayhem4Markets) June 6, 2022
The only silver lining is that actual and projected crop yields continue to rise… at least for now. pic.twitter.com/d9JHfeRHhq
— Markets & Mayhem (@Mayhem4Markets) June 6, 2022
Here’s today’s ‘fear’ chart! If US #gasoline prices continue to rise, expect US consumers to become very, very pessimistic. pic.twitter.com/1Y4gRdNM35
— jeroen blokland (@jsblokland) June 6, 2022
“with inflation expected to remain elevated and the Fed likely to have to raise the policy rate into restrictive territory to tame it… we continue to expect a meaningful drop off in real GDP growth next year (+0.7), eventually culminating in a recession”
Deutsche Bank
— Jonathan Ferro (@FerroTV) June 6, 2022
The last time inflation was here, February 1982 – the Fed Funds Rate was 15%. pic.twitter.com/Ghi1sxpNyE
— Lawrence McDonald (@Convertbond) February 11, 2022
I wonder what retailers will do to get rid of excess inventory.
The traditional way is to start discounting & reduce prices. pic.twitter.com/cN1BlhlE54
— Sven Henrich (@NorthmanTrader) June 6, 2022
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