By the way just confirmed that several carriers have increased freight rates up in July. In one segment I am dealing with..almost 30% in one month. July is when the orders and shipments start flowing in so dont expect to see any major price breaks on imported items (which is everything we have here) just yet....
Powell went from money machine go brrrrrr to that’s a nice economy you have there, it would be a shame if something happened to it…
Now the brainiacs with the big money are seeing the light… recession is probably here and deflation is over the hill. https://www.cnbc.com/2022/06/28/ark-invests-cathie-wood-says-the-us-is-already-in-a-recession.html
Russian oil export revenues jumped in May to pre-war level of $20 billion as prices surged, the IEA says