Inflation, anyone? Some quick indicators:
Gasoline at U.S. Pumps Set to Hit Six-Year Seasonal High. No surprises there – the current Administration has been openly hostile towards any form of energy development in the continental United States, Alaska and any of our coastal waters.
Price Index for Meats, Poultry, Fish & Eggs Rockets to All-Time High. Note that these first two indicators hit everyone – everyone – right where they live.
Consumer Prices Rise Sharply in May. No shit.
Note that every action the pols in the Imperial City and the Fed have taken since about 2007 have been inflationary; one of the few things holding inflation in check have been interest rates, held artificially low by the Fed for a loooooong time now.
But remember Stein’s Law. This situation can not continue indefinitely; sooner or later something will break, and rising interest rates will drive capital costs through the roof, squashing growth, or maybe another housing market collapse will crush homeowner equity, or maybe another stock market collapse will destroy millions of taxpayers’ retirement funds.
Every major financial crisis since the Civil War has been caused not by the free operation of markets but by government interference in markets. The next one will be no exception.