Loading ...Pretty much all the foods and energy futures charts are way up during Biden. And doing so with a higher Dollar? Is it from higher demand? Or just rebounding from prices that were too low for too long? Or is more production getting local USA where it costs more, but Americans get the business. The good thing about higher prices, it promotes investment and more production.
Meats: https://finviz.com/futures_charts.ashx?t=MEATS&p=w1
Grains: https://finviz.com/futures_charts.ashx?t=GRAINS&p=w1
Energy: https://finviz.com/futures_charts.ashx?t=ENERGY&p=w1
US Dollar: https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w1
Note, when USD goes up, all the others go inverse down, so we import cheaper and more. A discount on imports, and a tariff on our exports. Welfare for the other nations, and a tax on the USA.
We have to be thankful and amazed; that things are still this good here. With a $28 trillion national debt. But then again, who is really the vulnerable “burdened vehicle”? The lender or Bond investors, or the debtor borrowers, the USA tax payers?
I say the tax payers are the winners, because the debt is too big to pay. Time will tell. LOL