Just a Reminder

 Later today, the CPI report will hit the news.  Yesterday, I took one of the motorcycles for a ride to the Washington, MO riverfront for a ride.  While there, I enjoyed two scoops of the local creamery's product.  $7.12 for a cup with one scoop of cherry and one scoop of chocolate.  

Don't get me wrong - it's good ice cream but, IT'S NOT $7.12 FUCKING GOOD.

So, how did this come to pass.  Well, let me cut and paste the immortal words of the Fed's point man in March of 2020  - I give to you the pearls of wisdom from none other than Neel "Crazy Eyes Cash - n - Carry" Kashkari:

"Last October, Ikigai Asset Management’s Travis Kling predicted central banks would have to “juice QE to infinity” in order to save markets from recession. Yesterday on “60 Minutes,” Fed President Neel Kashkari said that “there is an infinite amount of cash at the Federal Reserve. We will do whatever we need to do to make sure there is enough cash in the financial system.”

My reply - Neel, nothing except the Good Lord above is infinite.  You flew too close to the sun.  There IS a limit to the amount of cash that the Fed can inject into the markets without causing a shitstorm.  Closing down the economy due to Covid 19 *cough - politically driven bullshit - cough - meant to sway a national election - cough - meant to dislodge a political enemy of the left - cough, cough* was a colossal mistake and everyone knows it.  If the Fed had any balls at all, it wouldn't have participated in the idiocy.  But it did, and now we have $5 per gallon gas and $7 ice cream cones.  Congratulations, Boy Wonder.