- Posts: 9423
- Thank you received: 127
FredHayek wrote: Adding debt when interest rates are increasing. President Biden is doing the same by adding more debt nationally.
Silver lining? Other Americans are slowing their spending and some prices are decreasing. Some food prices are declining, and clothing too.
I just heard the price of beef is going up…. Maybe Biden can completely drain our strategic reserves and drop fuel prices another quarter. You just have to love a guy who sacrifices others to save his own half dead skin.
FredHayek wrote: One example? Ranchers who can't afford to feed their cattle herds in drought striken states are sending their herds to slaughterhouses earlier. This is lowering the price of beef.
And Ukraine is doing a better job getting their grain to market, using railroads instead of ships.
Oil dropped down to $90 a barrel this week, the price it was before the Ukraine invasion. This should make it cheaper to get food products to market and decrease energy costs to farmers.