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Aug 23, 2022Liked by Peter Nayland Kust

"tomorrow will be costly"

I might just buy another freezer. :)

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Even at today's meat prices that might not be the worst idea out there.

One thing the Fed fails to grasp is that several of the current drivers of inflation are structural, and any respite now will be paid for in spades later.

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The other day (actually month) at the WalMart meat counter, I checked the price on three Rib-Eye steaks and they were $62 and change.

I remarked to the guy next to me that "We should have all been cattlemen."

He went on to tell me about a segment on Glenn Beck where the "Cattlemen" were hurting.

"Well at least they're eating." I told him.

He looked at me and said "Retired?" I nodded. "What did you do?" he asked.

"Drug dealer, but it's OK, I was licensed in three states." I replied.

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