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Dem Senator Blocks GOP Bill For 35% Tax On University Endowments

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Dem Senator Blocks GOP Bill For 35% Tax On University Endowments

In the wake of various recent scandals at ‘elite’ universities, attention has turned to their massive, largely untaxed endowments.

On Thursday morning Sen. J.D. Vance (R-OH) introduced a bill which would tax the largest university endowments at 35%.

“The endowments at Penn, Harvard & MIT have a combined $95B+ in assets – yet only pay a 1.4% tax rate on net investment income,” Vance posted on X. “Then they use these funds to push DEI and woke insanity.”

My bill would tax the largest endowments at 35% – it’s going to the Senate floor right now.

Vance then tried to pass the bill by unanimous consent, only to be blocked by Democrat Sen. Ron Wyden of Oregon, who suggested that lawmakers should instead look at the bill before passing it (oh?), and then slammed billionaire tax loopholes created by Congress in the first place.

As journalist Greg Price notes above, “Democrats finally found billions of dollars that they don’t wish to tax.”

 

Tyler Durden
Thu, 12/14/2023 – 19:20

Washington Lawmaker Wants To Toss People In Jail For Using Gas-Powered Leaf Blowers Because They “Contribute To Climate Change”

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Washington Lawmaker Wants To Toss People In Jail For Using Gas-Powered Leaf Blowers Because They “Contribute To Climate Change”

Democrat lawmakers in Washington State want to jail residents for using gas-powered landscaping tools such as leaf blowers and edgers.

State Rep. Amy Walen (D-Kirkland) has pre-filed legislation which would radically alter the state’s Clean Air Act, according to Jason Rantz of MyNorthwest, who reports that HB 1868 would ban “gasoline-powered and diesel-powered landscaping and other outdoor power equipment” for “contributing to climate change.”

As Rantz further explains, the bill contains a laundry list of unintended health consequences tied to the tools as well, including a claim that they cause asthma.

The bill gets to the ban by empowering the Department of Ecology to “adopt rules to prohibit engine exhaust and evaporative emissions from new outdoor power equipment” by either January 1, 2026 or sooner, if the state determines it’s feasible to do so earlier. Washingtonians are expected to upgrade their equipment to zero-emission alternatives. Government work, however, is partly exempt.

To make the transition more palatable, the zero-emission alternatives would not be subject to a sales tax. But it would still be prohibitively expensive for many small businesses. -MyNorthwest

If a resident violates the law, they could face up to a year in jail and/or a hefty fine.

Of course, as Rantz further notes, the new law wouldn’t apply to government agencies or contractors working for the government under emergency circumstances.

We’ll give the last word to Rantz, who suggests that the legislation will harm minorities the most;

What happened to equity?

Though Democrats argue their legislation should be viewed through an equity lens, this ban has a disproportionate impact on Latino and black business owners. Nationwide data stated 22.8% of landscaping companies are owned by Hispanics and 14.7% are owned by blacks.

The cost to transition to zero-emission alternatives is burdensome, too, even with financial assistance provided in the bill. For some businesses, it could still be prohibitively expensive. This financial burden could disproportionately affect minority-owned businesses, potentially leading to a reduction in diversity within the industry, if Democrat talking points are to be believed.

This ban is also anti-business, of course. Not only will it take landscapers significantly more time to do the same amount of work, thanks to inefficient battery-powered tools, it can be very expensive. Writing in the Orange County Register, Brooke Staggs notes the strain this can put on small businesses: “Commercial-grade electric-powered gear can cost anywhere from 15% to 300% more upfront, before factoring in the cost of batteries, chargers and potential electrical upgrades needed to keep them running all day.”

Larger companies can more easily absorb the cost of transitioning to electric equipment, but the smaller businesses, which represent the majority of the industry, will struggle. It’s also worth considering the current limitations of electric landscaping equipment, such as battery life and power, which can’t meet the demands of larger or more intensive landscaping projects. Even with tax credits, will they last long enough to cover the constant need to upgrade to better and more efficient technology?

Tyler Durden
Thu, 12/14/2023 – 18:00

West Virginia Secretary Of State Insists CIA Robbed Trump Of 2020 Election Win

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West Virginia Secretary Of State Insists CIA Robbed Trump Of 2020 Election Win

Authored by Tom Ozimek via The Epoch Times (emphasis ours),

West Virginia Secretary of State Mac Warner, a Republican who’s running for the state governorship, said he’s convinced the 2020 presidential election was “stolen” and that the Central Intelligence Agency (CIA) is to blame.

Mr. Warner, a 23-year veteran of the U.S. Army, made the remarks during a Dec. 7 debate held by Metro News among candidates for West Virginia’s 2024 gubernatorial election.

During the debate, the candidates discussed a range of issues, including tax cuts and economic growth. At one point in the debate, Mr. Warner was asked by the moderator whether he believes former President Donald Trump is “correct when he says—continues to say—the election was stolen.”

Mr. Warner replied in the affirmative—and explained his rationale for siding with President Trump’s version of events around the 2020 election.

The election was stolen,” Mr. Warner said. “And it was stolen by the CIA.

‘Sell a Lie to The American People’

Mr. Warner went on to allege that former CIA Deputy Director Michael Morell “colluded” with Secretary of State Antony Blinken (who at the time was advising the Biden presidential campaign) to manage the production of a letter signed by 51 former senior intelligence officials that cast doubt on the veracity of the contents of the infamous Hunter Biden laptop by framing it as Russian disinformation.

He colluded with Antony Blinken to sell a lie to the American people … for the very purpose of throwing the presidential election,” Mr. Warner said.

Polling suggests that if voters had been aware of the laptop’s contents, some would have voted differently, with a potentially different outcome of the 2020 presidential election.

Further, earlier this year, two Republican-controlled House committees published a report alleging the CIA’s Prepublication Classification Review Board (PCRB) reviewed and approved the letter, with the report also alleging that a PCRB employee may even have recruited signatories.

Mr. Blinken has denied playing any role in the letter, and the CIA did not immediately respond to a request for comment.

The function of the PCRB is to ensure current and former CIA employees aren’t disclosing classified information in any materials they may release publicly, such as articles or books.

‘All The Classic Earmarks’

The Republican report, which was released on  10, 2023, accuses former CIA officials of playing an active role in recruiting signatories for the letter that discredited the Hunter Biden laptop reports by framing them as having had “all the classic earmarks of a Russian information operation.”

The report alleges that Mr. Blinken, who was working for the Biden campaign at the time, contacted Mr. Morell on Oct. 17, 2020, to discuss the letter. Mr. Morell reportedly agreed to the plan and actively recruited other signatories.

Two days after discussing the letter with Mr. Blinken, Mr. Morell reportedly sent a final draft of the letter to the PCRB for review on Oct. 19, 2020. Mr. Morell told the CIA board “[t]his is a rush job, as it need to get out as soon as possible,” per the report.

The letter’s signatories hoped to give then-candidate Joe Biden a “talking point” to defend against the Hunter Biden laptop reporting during his final presidential debate with President Trump on Oct. 22, 2020, the report indicates.

One of the signatories of the letter, former CIA analyst David Cariens, told congressional investigators that his book was up for consideration by the PCRB when Mr. Morell and other former intelligence officials were soliciting other signatories.

Mr. Cariens told investigators that a CIA employee affiliated with the PCRB informed him of the intelligence community letter and asked if he would sign it. Mr. Cariens said, “The person in charge of reviewing the book” called to tell him that it had been approved without any changes required and then told him about the letter.

If an employee of the PCRB were, in fact, involved in recruiting signatories for the letter, that could be problematic as there are rules against federal employees getting involved in political campaigns. For instance, the Hatch Act prohibits federal employees from using government resources to help a partisan political campaign.

Even Morell testified that such an action by a CIA employee would be ‘inappropriate,’” the Republican report states.

Mr. Blinken has denied playing any part in the letter.

“With regard to that letter, I didn’t—it wasn’t my idea, didn’t ask for it, didn’t solicit it. And I think the testimony that the former deputy director of the CIA, Mike Morrell, put forward confirms that,” Mr. Blinken told Fox News in a May 1 interview.

While Mr. Morell’s testimony indicates that a phone call he received from Mr. Blinken didn’t explicitly or implicitly request the letter, he also insisted that Mr. Blinken’s call was “absolutely” the trigger that motivated him to become involved in the letter’s production.

Post-election research suggested that as many as one in five Biden voters may have voted differently had they been aware of reports about the Hunter Biden laptop, which were actively suppressed on social media thanks in part to the impact of the letter.

‘I Say I Won’

Meanwhile, President Trump recently revealed what went into his decision to challenge the results of the 2020 election.

In an interview on NBC’s “Meet the Press,” the former president spoke about what went into his decision.

I was listening to different people. And when I added it all up, the election was rigged,” he said. “It was my decision.

In the interview, President Trump was asked why he decided to challenge the elections even after “the most senior lawyers in your own administration and on your campaign” told him he lost.

“I didn’t respect them as lawyers,” President Trump said, adding that former Attorney General Bill Barr had allegedly been afraid of an impeachment inquiry and acted to avoid that, and many others he had hired based on recommendations. “But I did respect others.”

“It’s my choice,” he continued, adding, “I happen to know that the election was rigged.”

“I say I won the election,” he clarified.

Catherine Yang and Ryan Morgan contributed to this report. 

Tyler Durden
Thu, 12/14/2023 – 17:40

“Absolute Garbage”: Jill Biden’s ‘Bizarre’ Christmas Video Is Freaking People Out

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“Absolute Garbage”: Jill Biden’s ‘Bizarre’ Christmas Video Is Freaking People Out

First Lady Jill Biden has continued her annual ‘Hunger Games’ holiday theme, with what some have called a ‘bizarre’ display of ‘absolute garbage.’

In a video posted Wednesday, Biden had the New York-based ‘Dorrance Dancers’ perform their version of The Nutcracker Suite, in which grown men looking like uncaught pedophiles prance around in absurd costumes throughout the White House.

Just watch it:

Are you as creeped out as we are?

“This should’ve come with a sensitivity label. This is horrendous,” wrote Libs of TikTok on X, while another person called it “ABSOLUTE GARBAGE.”

X user “End Wokeness” points out that the Dorrance Dancers are a “radical anti-White group” which calls for “defunding the police, abolishing prisons, and even quotes Marxist terrorist Angela Davis.”

Just why…

We’ll give the last word to PJW:

Tyler Durden
Thu, 12/14/2023 – 17:20

Oakland Coffee Shop Fires Employees Amid Antisemitism Accusations

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Oakland Coffee Shop Fires Employees Amid Antisemitism Accusations

Authored by Micaela Ricaforte via The Epoch Times (emphasis ours),

A coffee shop in Oakland, California, fired several employees for denying a Jewish woman access to its restroom after she complained it had been tagged with antisemitic graffiti.

Farley’s East Cafe in Oakland, Calif., in January 2023. (Google Maps/Screenshot via The Epoch Times)

Farley’s coffee shop last week became the center of a controversy after a video surfaced on social media showing several employees blocking a woman from using the restroom.

In the video, the woman states that she wants to take a video of antisemitic graffiti in the restroom.

At the end of the video, the employees let the woman into the restroom, and the woman held up the camera to show that the words “zionism = fascism” were written on the restroom’s mirror.

Additionally, the words “your neutrality/apathy is enabling genocide” as well as “free Palestine” were written on another wall.

History didn’t start in 1948, lady,” one employee says after the woman was finally able to enter the restroom.

The owners of the coffee shop issued a statement on Instagram Dec. 7 saying the employees involved in the incident are “no longer employed at Farley’s.”

“Events like these strike fear in the Jewish community and perpetuate the rise of anti-Semitism in our community and around the world,” the statement said. “We do not tolerate any behavior at Farley’s that makes people feel unwelcome or unsafe.”

In the statement, the owners said they honor the varying viewpoints of their employees, they are not entitled to express themselves on the job in ways that are disrespectful or hurtful to others.

There is zero room in our business – or anywhere in our community – for speech or conduct that acts to ‘other’ anyone based on their religion, ethnicity, nationality, skin color, sexual orientation, gender identity or any other discriminatory basis,” they said.

Several former and current employees of Farley’s formed a group on social media and published a Dec. 11 statement in response to the incident.

The group said that before the woman started filming, she “repeatedly yelled at and harassed staff about the graffiti,” and was asked to leave after “escalating the situation,” but refused.

The statement also said the shop’s co-owner, Chris Hillyard, was aware of the graffiti for two months before the incident.

“Chris Hillyard did not take action until after the release of the video,” the statement said. “He did not address or support any of the Farley’s staff who were and continue to be subjected to aggressive harassment and doxxing. The harassment campaign has impacted the staff in the video and their families, the ownership of the cafe, and now, any staff member visible on Farley’s Facebook account.”

Since the incident, three more Farley’s employees have resigned, according to the statement.

Tyler Durden
Thu, 12/14/2023 – 17:00

Bank Stocks Soar Despite Record High Usage Of Fed Bailout Facility, MM Funds See First Outflow In 7 Weeks

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Bank Stocks Soar Despite Record High Usage Of Fed Bailout Facility, MM Funds See First Outflow In 7 Weeks

After surging to new record highs, money-market funds saw outflows last week – the first outflow in seven weeks – of $11.5BN…

Source: Bloomberg

Institutional funds were responsible for the outflows (-$14.5BN) while Retail funds continued their string of inflows (+2.9BN) since April…

Source: Bloomberg

In a breakdown for the week to Dec. 13, government funds – which invest primarily in securities like Treasury bills, repurchase agreements and agency debt – saw assets fall to $4.8 trillion, an $11.4 billion decline. Prime funds, which tend to invest in higher-risk assets such as commercial paper, meanwhile, saw assets climb to $948 billion, a $1.4 billion increase.

That may change, according to Jeffrey Rosenberg, a portfolio manager at BlackRock Financial Management:

“This is a turning point and you do start to see money move out of money markets, into riskier assets, into term rates to lock in higher rates,” he said in a Bloomberg Television interview.

“As cash rates start to come down, you’re penalized in 2024 for holding cash because the rates and the prospect of the rates is to go lower.”

Goldman thought the same, making us wonder if this divergence is about to fill…

Source: Bloomberg

The exodus from The Fed’s reverse repo facility accelerated this week with a $54BN decline just today, back below $800BN, lowest since July 2021…

Source: Bloomberg

The Fed’s balance sheet expanded last week by $2.2BN. The first weekly expansion since August 9th and biggest weekly increase since June 7th…

Source: Bloomberg

Usage of The Fed’s BTFP bank bailout facility increased once again, by $2.1BN to $124BN (a new record high)…

Source: Bloomberg

But, none of that matters to investors who BTFD – sending Regional bank shares back up near pre-SVB levels!!!

Source: Bloomberg

Finally, equity market caps continue to soar after recoupling with bank reserves at The Fed (as the latter also expands once again thanks to the RRP drawdowns)…

Source: Bloomberg

Of course, with The Fed’s massive pivot yesterday, sending yields plummeting, regional bank balance sheets may be rescued… for now. Until the next wave of inflation hits…

Tyler Durden
Thu, 12/14/2023 – 16:40

IEA Raises Its 2024 Oil Demand Growth Forecast

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IEA Raises Its 2024 Oil Demand Growth Forecast

By Tsvetana Paraskova of OilPrice.com

Global oil demand growth is materially slowing down this quarter compared to the third quarter, the International Energy Agency (IEA) said on Thursday, but at the same time, it lifted its 2024 demand growth projection by around 130,000 barrels per day (bpd) from last month’s assessment.

Demand growth is slowing down this quarter, the agency said in its Oil Market Report for December, and revised down its Q4 consumption growth forecast by nearly 400,000 bpd, with Europe making up more than half of the downward revision.

“Evidence of a slowdown in oil demand is mounting, with the pace of expansion set to ease from 2.8 mb/d y-o-y in 3Q23 to 1.9 mb/d in 4Q23,” said the agency, which advocates for a faster energy transition.

“A deterioration in the macroeconomic outlook led to a downward revision in our global oil consumption growth forecast of nearly 400 kb/d in the final three months of the year,” the Paris-based agency said.

Higher interest rates feeding through the real economy and a very soft European demand amid a broad manufacturing and industrial slump were the reasons for the downward revision for this quarter, which also led to the IEA adjusting its 2023 demand growth forecast down by 90,000 bpd. The agency now sees this year’s growth at 2.3 million bpd.

Next year, oil consumption growth “is expected to ease significantly,” to 1.1 million bpd, the IEA said.

But its 2024 demand forecast from today is around 130,000 bpd higher than the estimated growth of 930,000 bpd for next year in the November report.  

The IEA also noted that U.S. supply growth “continues to defy expectations.”  

According to the agency, “The continued rise in output and slowing demand growth will complicate efforts by key producers to defend their market share and maintain elevated oil prices.”

Unlike the IEA, OPEC continues to expect much higher oil demand growth for 2024—at 2.2 million bpd, for an average of 104.4 million bpd total global consumption next year, unchanged from the November assessment.

“Oil demand is expected to be supported by resilient global GDP growth, amid continued improvements in economic activity in China,” the cartel said in its Monthly Oil Market Report (MOMR) on Wednesday.

Tyler Durden
Thu, 12/14/2023 – 14:40

“F*** You, Chris! Butter Your Own Biscuit, Fat Ass!” – Cuomo Cursed Out By Girl With Tourette’s

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“F*** You, Chris! Butter Your Own Biscuit, Fat Ass!” – Cuomo Cursed Out By Girl With Tourette’s

Former CNN star Chris Cuomo interviewed a TikTok star with Tourette’s syndrome on Tuesday night, and the nation was treated to the spectacle of the disgraced anchor being repeatedly cursed out and flipped off on his own show. 

Cuomo — who was fired by CNN amid an internal investigation of his crossing ethical lines to help his brother, former Governor Andrew Cuomo, fight a sexual harassment scandal — is now a host on the subscription TV network NewsNation. 

Dupree repeatedly gave Cuomo the finger, and we’ll forever be grateful

Cuomo was interviewing Baylen Dupree, a 21-year-old woman with 9 million followers on a TikTok account she uses to build understanding of what life is like for people with Tourette’s syndrome. The nervous system disorder inflicts people with tics in the form of uncontrolled twitches, movements and sounds. For some — like Dupree — those sounds and movements come in the form of profanity and obscene gestures.  

That reality of Dupree’s existence was on vivid display Tuesday night. At various points in the interview, she would pause in mid-sentence to curse at Cuomo and give him the finger — but apparently not for crossing journalism boundaries to help his sleazy brother’s political career, or relentlessly promoting the Russia-gate hoax, or being a cheerleader for the catastrophic, authoritarian Covid regime. (At least, we’re pretty sure those weren’t the reasons.)

Within 25 seconds, she tells Cuomo, “Fuck off, fuck off, fuck off.” More periodic profanity ensues, with the highlight coming in this sequence, when Dupree seemed to rapidly cycle through several dialects in a matter of seconds as she spewed hilariously varied insults at Cuomo: 

After doing us all the favor of telling Cuomo, “GO FUCK YOURSELF, CHRIS!” in American English, she adopted a British accent to tell him he had a “LITTLE BABY WIENER,” then channeled a decidedly urban vibe to wish him a “BANANA UP YOUR ASS” and concluded with a hearty, southern-country “BUTTER YOUR OWN BISCUIT, FAT ASS!”

Cuomo tried but couldn’t contain his own laughter at the multi-cultural profanity blitz. After it bubbled out and then subsided, he plunged into a deeply empathetic tone, perhaps out of fear he’d be cancelled for laughing at the victim of a neurological disorder. (For the record, we’re laughing at you, Cuomo.)

Here’s the full, 4-minute interview, which nicely ends in a reenactment of Cuomo’s firing at CNN. Playing the role of then-CNN president Jeff Zucker, Dupree repeatedly gives Cuomo the finger and tells him, “You’re done.”

Tyler Durden
Thu, 12/14/2023 – 14:20

Republican Senator Calls Out Companies For Remaining On TikTok While Boycotting X

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Republican Senator Calls Out Companies For Remaining On TikTok While Boycotting X

Authored by Frank Fang via The Epoch Times,

Sen. Marco Rubio (R-Fla.) criticized companies including Comcast and Disney for having a double standard, over their recent decision to boycott American social media app X but not Chinese-owned TikTok.

In letters sent to the chief executive officers of 18 companies on Dec. 12, Mr. Rubio, a senior member of the Senate’s Foreign Relations Committee, said his office had conducted a review and found their boycott “originated with the left-wing advocacy group, Media Matters.” X, formerly Twitter, has filed a lawsuit against the non-profit for defamation, for charging the platform with promoting pro-Nazi content.

“Supposedly, companies are boycotting X out of concern that their brands could be tarnished by association with antisemitic content that some users have posted on that application,” the senator wrote.

Mr. Rubio emphasized that he takes “no position” on whether companies should boycott X. However, he believes that companies should recognize how their brand is tarnished by being on TikTok if they are concerned about their public image.

Due to your company’s apparent concern for its image on social media, I was fascinated to learn that it maintains an active presence on TikTok. That social media application, through its parent company, ByteDance, is under the jurisdiction and influence of the Chinese Communist Party (CCP), a brutal group that seeks to weaken our country and subvert our way of life,” he added.

Mr. Rubio’s letters were sent to Airbnb, Amazon, Apple, Coca-Cola, Comcast, Disney, Google, IBM, Jack in the Box, Lionsgate, Microsoft, Netflix, Paramount, Sony Pictures, Uber, Walmart, Warner Bros. Discovery, and the Washington Post.

The White House, U.S. armed forces, and more than 30 U.S. states have already banned TikTok. New York City joined the ban in August saying the Chinese app “posed a security threat to the city’s technical networks.”

Earlier this year, FBI Director Christopher Wray said TikTok “screams” of national security risks.

In his letter, Mr. Rubio detailed different reasons that Americans should not use TikTok.

“China’s national-security laws give the CCP access to all data managed by Chinese firms, including ByteDance. This means TikTok is a far bigger liability to your company than X, and should be treated accordingly,” Mr. Rubio wrote.

‘Double Standard’

He added that TikTok content glorifying the Hamas terrorist group “exploded on the platform” since Oct. 7, the day Hamas terrorists invaded southern Israel.

“Millions of users have also been exposed to videos glorifying Osama bin Laden and his post-9/11 manifesto,” Mr. Rubio added. “This content furthers the CCP’s strategy of distracting, dividing, and dumbing down Americans, giving the CCP an open field to pursue its objectives.”

While the United States has stepped up its efforts to counter threats posed by the CCP, the Chinese regime is “playing the long game” to infiltrate U.S. politics at every level. The communist regime is using different methods of subversion and unrestricted warfare to undermine America.

On Dec. 12, the House Select Committee on the CCP issued a report, recommending that the United States “reset” its relationship with China by raising tariffs and cutting off capital flows.

Mr. Rubio also pointed to past media reports, including a 2022 report by Forbes, revealing that ByteDance employees used TikTok to improperly track American journalists.

“The company’s CEO blatantly lied under oath when he denied that TikTok stores U.S. user data in China, providing further evidence that the application and its founder cannot be trusted,” Mr. Rubio added.

In March, Shou Zi Chew, TikTok’s CEO, refused to take a position on whether the CCP has persecuted Uyghurs, during a congressional hearing. Several countries, including Canada, the United Kingdom, and the United States, have declared China’s treatment of Uyghurs as “genocide” and “crimes against humanity.”

“I take no position on whether your company should boycott X. You have advertising executives, shareholders, and customers to tell you that,” Mr. Rubio wrote.

“However, I am appalled by the double standard of boycotting an American social-media application while maintaining a presence on a social-media application controlled by America’s greatest adversary.

“If your company believes it is necessary to cut ties with X, I expect you to cut ties with TikTok, as well—and soon,” he wrote.

The Epoch Times has contacted the 18 companies for comment.

Tyler Durden
Thu, 12/14/2023 – 14:00

Eggflation Returns As Top Producer Hit With Bird Flu In Kansas

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Eggflation Returns As Top Producer Hit With Bird Flu In Kansas

America’s top egg producer and distributor revealed on Tuesday that its egg-laying hens at a mega-industrial farm in Kansas had been infected with the highly pathogenic avian influenza. This is bad news as egg prices will likely rebound after crashing from record highs earlier this year. 

On Tuesday, Cal-Maine Foods wrote in a press release that 684,000 laying hens, or approximately 1.6% of its total flock, have been affected by bird flu. The production facility is located in Kansas and has temporarily ceased operations to follow safety protocols instructed by the United States Department of Agriculture. 

Bloomberg noted Cal-Maine escaped bird flu cases after the virus decimated 72 million birds last year. 

However, the re-emergence of bird flu should have consumers worried that ‘eggflation’ has returned. 

Now, new data from Urner Barry, a market research firm that tracks wholesale food prices, shows its Urner Barry Egg Index has jumped from a low of 48 cents a dozen in May to as high as $1.75 in November. Prices were $4.65 in December 2022.

Urner Barry’s wholesale prices tend to lead as the USDA’s Grade A Egg Retail Per Dozen index appears to have bottomed around $2. 

Is inflation transitory? 

We first identified the reversal in egg prices in a Feb. 8 note titled “We’ve Got Great News: Wholesale Egg Prices “Collapse””This was followed by “Egg Prices Finally Fall After Months Of Non-Stop Price Spikes” in March and Eggflation Ends With Cal-Maine Shares Down The Most Since 2008″ in April. 

Has eggflation returned? If so, maybe now is the right time to think about raising egg-laying hens. Become your own farmer and break away from the mega-corporations controlling the food supply chain. 

Tyler Durden
Thu, 12/14/2023 – 13:40