What was said around it
to hit the market at the exact same time. Starting with number one, inflation. In this case, last week CPI jumped 3.8% year-over-year, the highest reading since May of 2023. And PPI, which measures wholesale inflation as in the inflation that businesses pay before it hits the customer, rose 6% year-over-year, the fastest pace since 2022, implying that inflation is coming back faster and stronger than ever, mainly the result of number two, oil. In this case, the conflict throughout the Middle East caused oil prices to spike past $100 a barrel. And with the Strait of Hormuz still not fully operational, oil prices are only expected to go even higher. Plus, this doesn't just affect gas prices. Higher oil literally flows throughout the entire economy. We're talking shipping, trucking, manufacturing, food production, and more. So, when oil spikes this much, inflation eventually follows, which is not helped by number three, the government is flooding the market with debt. The fact is, we are running roughly two trillion dollars a year in annual deficits. We are spending significantly more than we make, and this means that the Treasury is to constantly issue new bonds to raise more money to pay
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