Postcards: Higher for Longer... and Understanding The Global Energy Landscape

Today's Consumer Price Index (CPI) number was hardly a surprise. I've been arguing that investors should hedge since the start of the year. It's unclear if this is the start of something big...

Market Update: The CPI number wasn’t a huge surprise, but when you dig into the report - the cost of living in America continues to explode. Car insurance is up more than 20%. Car repairs are up 6.5%. Just traveling… up nearly 10%. This is what happens when the central bank attempts to engage in inflation targeting. The cost of the things that matter goes up. The things that don’t matter (technology… headphones)… go down. I’ve been on the record saying that I don’t expect a rate cut in the first half of this year. The odds of a rate cut in March are now down to 9.5%. I still think it will be July… and we haven’t even hit terminal velocity yet on the job market. It’s easy to blame the Fed… you shouldn’t blame the central bank entirely. Blame Janet Yellen. Peter Schiff offered a great take on the impact of this spending and debt this week. It is the same thing I said a year ago. We can’t kick the can anymore, and we’re heading toward a period of rapid monetary inflation. The “grandchil…