Rotten Eggs

“You must live in Chicken County, USA!” Dean C. exclaims in response to yesterday’s missive. [Unsubscribe]( [Wiggin Sessions] August 18, 2022 Rotten Eggs Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair. — Sam Ewing [Addison Wiggin]Dear Reader, “You must live in Chicken County, USA!” Dean C exclaims in response to yesterday’s missive. From Charles P: “Don’t know where you get your eggs but ours are $3.83 for a dozen medium and $6.99 for 18-carton of large at Walmart…” Yesterday, I claimed that you can buy a carton of eggs for $1.83 in the U.S., according to the data average published by the Bureau of Labor Statistics. Boy was there backlash… In fact, so vehement was the rejection of the price of my eggs that I thought to check the BLS numbers. Here’s a chart from the “[Egg Market News Report]( published by the United States Department of Agriculture (yes, that exists): [Click here to learn more]( You can see the BLS statistic ($1.83) is closer to the 3-Year Average. For this year of bloating and penny-pinching… the price point is closer to our readers’ exclamations. Now that I double-check my refrigerator, it’s also closer to the real cost of my own eggs. With Biden’s Inflation Reduction Act kicking in, it’s a wonder the markets keep climbing this wall of worry while some, on the inside, are feeling so bearish, so well aware of their own spending, so nervous as our leaders continue to ramp up America’s deficit spending. And the FOMC continues to show that they intend to hike interest rates through the end of the year, preaching that “participants emphasized a slowing in aggregate demand would play an important role in reducing inflation pressures" in the minutes. Despite all that, [consumer spending remains resilient](. After all, in what reality are we going to stop buying eggs? We’ll have to check in – and double-check! – on the price of our eggs in a month. I don’t think this beast will go away anytime soon. In the meantime, while the summer doldrums continue to slow your roll, check out the latest Session on YouTube, [by clicking here](. From Chicken County USA, follow your bliss, [Addison Wiggin] Addison Wiggin Founder, The Wiggin Sessions P.S. Here’s Trump in an old SNL skit going viral on Twitter, promoting his House of Chicken Wings: [Click here to learn more]( --------------------------------------------------------------- This is the new normal… [Click here to learn more]( A strange phenomenon is ‘distorting’ America’s financial system. If you listen to the mainstream media, you’d think a new crash is imminent. But today, former Goldman Sachs Managing Director Dr. Nomi Prins is coming forward with a different kind of prediction. “We are about to see a crisis like nothing we’ve ever seen before. It won’t be like the crashes we saw in 2000… 2008… or even 2020. In fact, the next crisis won’t be a crash at all.” – Nomi Prins It has nothing to do with a pandemic, or inflation, either, but “Americans who are hoping for a return to ‘normal’ are about to be left behind by a new reality.” If you have more than $1,000 in the bank, this could be the most important interview you see in the next 60 days. [Watch her bombshell prediction for America’s economy now.]( Ed. note: Got something to say? Send your feedback to The Wiggin Sessions, [here.](mailto:WigginSessions@5minforecast.com) Follow the Wiggin Sessions on Social Media! [Facebook Group]( [Twitter]( [Instagram]( [YouTube]( [LinkedIn]( [The Financial Reserve]The Wiggin Sessions is committed to protecting and respecting your privacy. 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