The following chart shows the 3-year moving average of supplemental nutrition assistance program benefits divided by personal consumption expenditures for food.
Click to enlarge.
Source Data:
St. Louis Fed: Custom Chart
Going Short
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Well, that escalated quickly. I had already positioned defensively for
2024, overweight cash in a federal money market paying 5.2% (now 5.3%). I
still have...
7 minutes ago
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