of a tale of inflation, told in 2 pictures, from 1965. I found these old newspaper ads for supermarkets, and can you believe these prices? Before guns and butter economy of the Vietnam War (Johnson and Nixon), before going off the gold standard (Nixon), before OPEC, before the stimulative policies of Arthur Burns (Nixon and Ford), before the inflation all that caused, before stock market bubbles, Tech wreck, Housing bubble, QE 1,2,3, and now the Idiot in the White House stimulating a full employment economy!!
We are going to get our currency liquidated!

Look at these prices!

https://postimg.cc/image/88h4muh4l/

https://postimg.cc/image/3ml0ehnvp/

http://www.mcall.com/business/mc-biz-auction-for-bon-ton-assets-20180416-story.html

$775 million! No small bid. Nothing spells economic success like bankruptcy and liquidation. Was at one of them this week. Nothing to buy. Store is closing, been there for 40 years including predecessors, anchor in small mall which is now 1/2 empty. Meanwhile a mile up the road more new stores being built on virgin land ... of course. Next recession they all close again and they build some more.

https://twitter.com/DrDenaGrayson/status/985953622427975680

https://twitter.com/eorden/status/985953454668570630

Multiple accounts confirming this now

https://twitter.com/realDonaldTrump/status/373146637184401408

Source: Reuters

U.S.-made goods that appear to face added tariffs in China based, on an analysis of Beijing’s list, include Tesla electric cars, Ford’s Lincoln auto models, Gulfstream jets made by General Dynamics and Brown-Forman Corp’s Jack Daniel’s whiskey.

Unlike Washington’s list, which was filled with many obscure industrial items, China’s list strikes at signature U.S. exports, including soybeans, frozen beef, cotton and other key agricultural commodities produced in states from Iowa to Texas that voted for Donald Trump in the 2016 presidential election.

While Washington targeted products that benefit from Chinese industrial policy, including its “Made in China 2025” initiative to replace advanced technology imports with domestic products in strategic industries such as advanced IT and robotics, Beijing’s appears aimed at inflicting political damage.

Tobacco and whiskey, for example, are both on Beijing’s list and are produced in states including Kentucky, home of Senate Majority Leader Mitch McConnell.

Read more: https://www.reuters.com/article/us-usa-trade-china/china-retaliates-slaps-duties-on-u-s-soybeans-planes-markets-skid-idUSKCN1HB0G6

---

Dow futures currently down 508 points. This could not come at a worse time for the markets, still digesting the initial volley in the trade war. Elections, policies, tweets all have real world consequences.