With the world awash in liquidity and yet every one of the world’s leaders spreading the “ogre of deflation” myth to ensure the administration of moar free money; we thought it interesting that with government identified inflation statistics entirely benign that the prices of US cattle and milk have reached record highs (and show no sign of stopping as Cattle is limit-up today again). The rise has been almost non-stop beginning in early 2009… now what else began to rise in an almost straight line then?
Nope, no inflation here… as long as you are Vegan
Chart: Bloomberg
via Zero Hedge http://ift.tt/1inNaql Tyler Durden