The Shit to Know Thursdays

What’s up man,

It’s been a big week. Inflation data, commodities pumping etc. You know the drill, below is the shit you should know.

Market Indices & Commodities

Economy
Has The Second Wave Of Inflation Hit?

Yesterday, it was revealed that CPI rose 0.4% month-over-month and 3.4% year-over-year last month. Not good.

This is the 4th month in a row where CPI has been higher than anticipated.

In fact, the only part of the inflation data that is down are used cars and energy prices. So basically fucking nothing went down. Every other segment of the CPI continues to rise.

The Fed stopped raising interest rates in July last year. Arguably, they did this too early, as inflation had not been properly conquered. Ever since, the CPI has bottomed and is now experiencing an upturn.

Seems like simple economic theory to me, how has the Fed fucked it up?

Commodities  
Cocoa Price Hit New All Time High

Cocoa futures surged to a record high in New York this morning as news of new supply issues in Ghana came out. Ghana is the world’s second largest cocoa producer, so the spike in its price is hardly surprising.

These potential supply issues have come about because the Ghana Cocoa Board is supposedly speaking with vital commodity traders about potentially delaying the exports of somewhere between 150,000 to 250,000 tons of cocoa until the next growing season. These measures are being considered as bean supplies have been lacking.

This news was enough to force cocoa futures up to $10,771 per ton.

This year is shaping up to be another year of supply deficits. This means, broadly speaking, prices of these commodities will likely rise. So, could this be a good time to invest commodities? You tell me.

Legal
OJ Simpson Has Died

OJ Simpson, former NFL star and Hollywood actor was acquitted of double murder in the so-called ‘trial of the century’ in 1995, has died aged 76. However, he was later imprisoned for kidnapping and armed robbery due to unrelated charges.

In the trial, he famously tried on blood stained gloves found at the scene, which appeared to be too small, as shown in the gif above. In the same trial, he was cleared of murdering his ex-wife and her friend in 1995.

He died following a battle with prostate cancer.

Politics
Biden Says Netanyahu’s Approach To Gaza Is A ‘Mistake’

The Israeli prime minister has stated that a military offensive on the city of Rafah is coming. Over a million Palestinians are said to be sheltering there.

Joe Biden has called Benjamin Netanyahu’s approach to the war in Gaza a ‘mistake’. Biden has become increasingly public with his criticism of Netanyahu and how he is ordering his armed forces to carry out the war.

Biden has repeatedly called for ceasefires, but Netanyahu is having none of it and appears to just want to fucking flatten the whole of Gaza.

Netanyahu’s approach to Gaza is looking more and more radical, but his country was the victim, not the attacker so a forceful response is justified, as long as harm on civilians is minimized.

Feature
Is Bird Flu A Threat To Humanity?

Dr McCullough (anti-Covid cardiologist) has warned that ‘a perfect storm is brewing’ in regard to bird flu.

Medical establishments have been sounding the alarm for months about bird flu, and are already drawing comparisons between it and Covid-19.

Seems like a whole load of birdshit to me, my man needs to calm the fuck down. We’re talking about fucking birds here, what’s the worst they could do?

Legal
Woman Sentenced To Death In Vietnam Over Fraud Amounting to 3% Of GDP

A Vietnamese real estate tycoon, Truong My Lan, has been sentenced to death in the country’s largest case of financial fraud ever.

The 67 year-old chair of real estate company Van Thinh Phat has been formally charged with fraud, amounting to $12.5b, just under 3% of the country’s GDP. Fucking nuts.

I don’t even know how it’s possible to finesse the system so hard you manage to scam your way to 3% of your country’s GDP. A hell of a lot of people must have taken a hell of a lot of bribes…

Thank you 
That’s all Folks

Just one more day, I can fucking feel it…