Prices of basic necessities have seen a historic surge in the US:
Since November 2019, motor vehicle insurance costs have soared +56.1%, the largest increase of any major consumer category.
Utility gas service and motor vehicle maintenance costs have both surged +48.8%, followed by a +46.1% increase in coffee prices.
Electricity prices alone have jumped +40.4% over the same period.
Meanwhile, meats, poultry, and fish prices have climbed +38.1%, while food away from home has risen +34.8%.
All of these categories have far outpaced the +26% increase in headline CPI inflation.
Only asset owners are protected from compounding inflation.
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Since November 2019, motor vehicle insurance costs have soared +56.1%, the largest increase of any major consumer category.
Utility gas service and motor vehicle maintenance costs have both surged +48.8%, followed by a +46.1% increase in coffee prices.
Electricity prices alone have jumped +40.4% over the same period.
Meanwhile, meats, poultry, and fish prices have climbed +38.1%, while food away from home has risen +34.8%.
All of these categories have far outpaced the +26% increase in headline CPI inflation.
Only asset owners are protected from compounding inflation.
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Investors are betting Treasury yields will fall:
Open interest in the US 10-year note March call options is up to a record ~171,150 contracts.
These contracts pay off if 10-year Treasury prices increase, which would imply lower yields.
The number of open positions has surged +300% over the last week.
At the same time, the total premiums paid on these options is up to ~$80 million, an unusually large amount.
The March 10-year note options expire on February 20th, after the Fed’s January policy meeting, suggesting investors expect more dovish signals or rate cuts ahead.
In other words, investors are positioning for the 10-year note yield to move back below 4.0% in the coming weeks.
Are bonds set to rally?
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Open interest in the US 10-year note March call options is up to a record ~171,150 contracts.
These contracts pay off if 10-year Treasury prices increase, which would imply lower yields.
The number of open positions has surged +300% over the last week.
At the same time, the total premiums paid on these options is up to ~$80 million, an unusually large amount.
The March 10-year note options expire on February 20th, after the Fed’s January policy meeting, suggesting investors expect more dovish signals or rate cuts ahead.
In other words, investors are positioning for the 10-year note yield to move back below 4.0% in the coming weeks.
Are bonds set to rally?
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Media is too big
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JUST IN: The National Guard has arrived in the French Quarter as immigration operations spin up in New Orleans
New Orleans will soon be LIBERATED, similar to DC.
We’re taking our cities back!
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New Orleans will soon be LIBERATED, similar to DC.
We’re taking our cities back!
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BREAKING:
Colombian President Gustavo Petro says the U.S. has bombed a drug trafficking facility in Maracaibo in Venezuela.
It was operated by the Colombian communist terrorist organisation and drug trafficking group ELN.
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Colombian President Gustavo Petro says the U.S. has bombed a drug trafficking facility in Maracaibo in Venezuela.
It was operated by the Colombian communist terrorist organisation and drug trafficking group ELN.
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Media is too big
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New Orleans — National Guard troops have been deployed to the French Quarter to provide additional cover for the New Year’s. At the last new year in the same area, a black Muslim ISIS supporter carried out a mass shooting, killing 14
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Indians are using federal loans to buy up local businesses across the country, notably hospitality in Montana, as shown in the below screenshot
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Media is too big
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NEW: Nick Shirley calls out the inconsistent stories regarding the Quality Learing Center in Minnesota.
"The Department of Children commissioner said you guys were closed a week ago," Shirley said.
Shirley's claim is correct. On Monday, the Department of Children, Youth, and Families commissioner, Tikki Brown, said the center had closed down last week.
The same day, however, the center's manager said they never closed down once and even showed off how many people were at the center as proof they were a real business.
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"The Department of Children commissioner said you guys were closed a week ago," Shirley said.
Shirley's claim is correct. On Monday, the Department of Children, Youth, and Families commissioner, Tikki Brown, said the center had closed down last week.
The same day, however, the center's manager said they never closed down once and even showed off how many people were at the center as proof they were a real business.
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