Rising Food Prices & The “Substitution Effect”

Lest you missed any of this week’s unlikely focus on eggs and one of economics immutable laws, the “Substitution Effect”, here’s a quick review for your weekend reading pleasure. [Unsubscribe]( [Wiggin Sessions] August 20, 2022 Rising Food Prices & The “Substitution Effect” “Due to inflation and food price increases, the 5 second rule has been extended to 10 seconds.” — The Management [Addison Wiggin]Dear Reader, Lest you missed any of this week’s unlikely focus on eggs and one of economics immutable laws, the “Substitution Effect”, here’s a quick review for your weekend reading pleasure. Go ahead, click on any of the titles linked below: --------------------------------------------------------------- 15 August 2022 [Before Eating Caviar]( [Click here to learn more]( “Pardon my swear word here,” says crypto wunderkind [Aleks Svetski in this week’s Session]( “but you have to eat sh*t first before you eat caviar. Right? There's a process to these things.” Svetski and Mark Moss (host of The Mark Moss Show on iHeartRadio) talk their book, [The Uncommunist Manifesto]( this week on The Wiggin Sessions. These young guns have a penchant for vulgarity. They like to speak bluntly, straight to the point. No BS. [Continue reading…]( --------------------------------------------------------------- 16 August 2022 [Priced In Eggs]( [Click here to learn more]( Humor me for a second… What would you do for an egg? Would you work for an hour? Probably not. Now riddle me this: what would you do for a dollar? Ten dollars? One hundred thousand dollars. Dollars are way more valuable than eggs; we’d do almost anything for a lot of them. What I’m getting at: money is what Mark Moss calls a “language of value.” [Click here to hear him break it down.]( [Continue reading…]( --------------------------------------------------------------- 17 August 2022 [Rotten Eggs]( [Click here to learn more]( “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 published by the Bureau of Labor Statistics. Oy. Excuse us for using an average number. So vehement was the rejection of the price of my eggs, I checked the BLS numbers…. [Continue reading…]( --------------------------------------------------------------- 18 August 2022 [Pizza, EVs, & Eggs (Again)]( [Click here to learn more]( “In Japan, Pizza Hut is offering a rice based pizza crust, in part, because of the Russian-Ukraine war and surging inflation of wheat prices. “We’re always thinking of ways to make our products appealing to Japanese customers, and rice is obviously a perfect fit,” says a charismatic Emi Mikado, spokeswoman for Pizza Hut Japan Ltd. “On top of that we’re seeing this surge in wheat prices.” Moving up the food chain to prices even harder to swallow… The Chinese electric vehicle manufacturer BYD reported yet another month of blowout sales of 162,350 vehicles, more than tripling in July vs. a year earlier. People are starting to compare the largest EV maker in the Eastern Hemisphere to tech giant Tesla…” [Continue reading…]( --------------------------------------------------------------- We only noticed in retrospect that all our musings this week were about food. We’ve either been unusually hungry or rising food prices have been top of mind for many media outlets. Enjoy your weekend, So it goes, [Addison Wiggin] Addison Wiggin Founder, The Wiggin Sessions P.S. Don’t miss our session with Mark Moss & Aleks Svetski this week, it was one of our best to date. Watch it on YouTube by [clicking here](. P.P.S. Next week, we’re going to dive deep into a Bonner Private Briefing, stay tuned. --------------------------------------------------------------- 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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