Two Completely Unrelated Events
Inflation saw another unexpected jump in May — delivering its highest year-over-year gain since 2008. Many investors, analysts and policymakers have dismissed the spike as “transitory.”
On a completely unrelated note, the IRS sent out 169 million fresh stimmie checks this week… with still more left to go out. Good to know all that free money is having zero effect on prices, right? Of course, we don’t expect any politicians to make that connection… at least not out loud.You can’t expect the American people to give up their stimmies, either. So where does that leave us?