on the 2 year charts, it looks like some grains are starting to break out of their consolidation. moving up.
are we going to get another wave higher in prices?
if we look at M1 supply numbers, M1 money supply was up about 100% from 2020 thru 2022. i am convinced we are NOT going to have just 8% inflation for just one year, then back down to just 1 or 2 % . we could get another surge in inflation.
if things work out as i expect, it should be bad news for the WH going into the next election cycle.