The Silver Lining: At Least Americans Are Walking More

With incomes stagnating (real household incomes at 15 year lows) and gas prices hovering awkwardly near record highs (especially for this time of year), we thought a reflection on the inflationary impact of an always-activist Fed were nowhere clearer indicated than by the collapse in the amount of gas that the average US citizen can afford. Of course, there is a silver lining… the affordability of gas dropping means fewer miles driven, fewer miles driven means more walking, and more walking means less obesity… so the Fed’s inflationary leakage into energy prices and implicit enabling of lower living standards of most Americans is good for a nation of fatties – always the optimists.



(h/t @Not_Jim_Cramer)


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