If you get chocolate for Easter, try to stockpile it. [Bloomberg](
Itâs your lucky day! You are reading a special edition of Bloomberg Opinion Today, written by me, Ale Lampietti, the in-house video editor. [Sign up here]( and follow us for more videos on [TikTok](, [Instagram]( and [YouTube](. Todayâs Agenda - Stockpile your [chocolate]( this Easter.
- The middle class [keeps getting richer]( (but is also shrinking).
- More Porsche 911s [will be kachowing]( around town. Achocalypse Now Attention chocoholics: You wonât be the only victims of the achocalypse ⦠choccigeddon? It looks like youâll be joined by the Easter Bunny and, well, everybody else. Cocoa prices [surged]( more than 250% over the last year, reaching $10,000 per metric ton this week â almost double the record high set 46 years ago. So whatâs been going on? Meet Javier Blas, who has been [warning]( of the coming chocolate crisis for some time: Is it time to start eating your candy bars like [Elaineâs boss](? Home Is Where the Unnecessary Tax Breaks Are We know the rent is [too damn high](. But have you heard about the mortgage interest deduction? Unless you own a home (the dream!), you may not have heard of it. I hadnât. Itâs a tax credit that typically only wealthy households can take advantage of, and a lot of experts link it to inflated housing prices. Sounds terrible, right? Kathryn Anne Edwards [explains]( why it should be scrapped. A Shrinking (But Richer) Middle Class Iâm sure youâve heard that the middle class is shrinking. Thatâs unfortunately true. In 1971, 61% of adults were living in middle-class households (as defined by making between $52,000 and $156,000 in 2020 dollars) as compared to 50% of adults in 2021. Itâs not that people are making less money â theyâre actually making more. Kyla Scanlon [dug]( into the numbers and found that the lowest-paid Americans experienced the highest wage growth over the past three years. To get the full, in-depth analysis, watch her explain: Want to see Kyla crunch more numbers? [Here]( she explores Bidenâs presidential performance. Cubaâs Uncertain Future For the first time ever, the Cuban government [asked]( the United Nations for help: The island nation is going through a serious food shortage right now and also experiencing rolling blackouts. Among continued US restrictions, falling domestic production, and a weak tourism industry, Cuba is going through its harshest economic crisis in three decades, [says]( Juan Pablo Spinetto. As a result, tens of thousands of Cubans have been leaving the country every month. Learn more about why we might be witnessing the collapse of Cubaâs communist regime: Kachowing Through a Midlife Crisis Itâs quite common for men to buy a sports car when they hit their mid-life crisis. Maybe a [Corvette](. Or a [Ferrari](? Thatâs a real cry for help. That odd phenomenon might help explain why everyone seems to be driving a [Porsche 911]( right now. The model is seeing the fastest-growing sales of any from the German manufacturer. Demand for the 911 has increased 44% since 2019. This small sports car is providing [a bucketload of profit]( for Porsche. But can the company keep up with the sales long-term? Watch Chris Bryant explain: Telltale (Animated) Charts Most of the country is seeing rent relief ⦠except for [one major city](. Which country offers the best [golden visa program](? Emerging markets dealt with [post-Covid inflation]( better than the developed world. The [more housework]( men do, the more fertility increases. Further Watching [The Future of Ben & Jerryâs]( â Andrea Felsted [Is Your Insurer Scamming You?]( â Jonathan Levin [Goldmanâs Woman Problem]( â Beth Kowitt [Goldâs Glow Up]( â Marcus Ashworth Notes: Please send Porsche 911s and feedback to Ale Lampietti at alampietti@bloomberg.net. [Sign up here]( and follow us on [Threads](, [TikTok](, [Twitter](, [Instagram]( and [Facebook](. Follow Us Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before itâs here, itâs on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals canât find anywhere else. [Learn more](. Want to sponsor this newsletter? [Get in touch here](. You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox.
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