Sid 🐸
9.1K posts

Sid 🐸
@sidintheverse
Carpenter - Listen to Hardcore - Invest in Crypto - Worship Nothing 🤘🏼🇨🇦

Nobody can sell their house. Nobody can afford to buy one. Retail can barely afford groceries. Companies can’t afford to refinance their debt at current rates. $9 trillion of US debt rolls over this year. But sure, we’re good.



US coffee prices are surging at a record pace: The average price of ground roast coffee is up to a record $9.46 per pound. In February, coffee prices jumped +30.5% YoY, and have surged +127% since January 2020. Over the same period, ground beef prices have risen +73% to $6.74 per pound, near an all-time high. Furthermore, steak prices have soared +66% to a record $12.74 per pound. Overall, the "food at home" category price level is up +31% while "food away from home" is up +36% since January 2020. Food inflation remains a major issue.

























