-U.S. has entered unprecedented climate territory, EPA warns — the other day I listened to a GOP pollster who argued that the left should frame global warming as a national security issue in order to get conservatives to care … little does he seem to know that the DoD has warned about Global Warming for more than a decade now.
-Consumer Prices Jumped as Economic Recovery Picked Up — the hot topic of the day. There is a lot going on, obviously republicans are already huffing and puffing about money printing and too much spending, but as usual things are probably a bit more complicated. Key paragraph here is
Compared with two years ago, overall prices rose a more muted 2.2% in April, on an annualized basis.
And used car prices went up 10% so that makes a big dent in overall numbers.
-Bitcoin Isn’t Behaving as an Inflation Hedge. Its Move Still Makes Sense — to be transparent, the main gold ETF also went down.
