Baltic
Dry Index. 2991 +27 Brent Crude 103.54
Spot Gold 4509 Spot Silver 76.20
US 2 Year Yield 4.13 +05
US Federal Debt. 39.281 trillion
US GDP 32.147 trillion.
To the moon, Alice!
Elon Musk Jackie
Gleason.
Special Update Sunday 24 May 2026 6:00 AM.
With both the UK and USA on holiday and partying today, today a look at the SpaceX IPO by Professor Boyle. “Extend [ing] the light of consciousness to the stars”. Approx. 32 minutes, and 8 minutes..
SpaceX IPO: Nice Try Though
SpaceX IPO: Nice Try Though - YouTube
What Exactly Happened On SpaceX's Twelfth
Starship Flight Test?
What Exactly Happened On SpaceX's Twelfth Starship Flight Test?
Normal LIR service lands Tuesday morning.
To help celebrate the double bank holiday, a little gem from Vivaldi. Approx. 6 minutes.
A. Vivaldi: RV 781 /
Concerto for 2 trumpets (oboes), violin, strings & bc in D major / Modo
Antiquo
Global Inflation/Stagflation/Recession
Watch.
Given
our Magic Money Tree central banksters and our spendthrift politicians.
Inflation hits Memorial Day weekend
Ground beef prices have climbed to a record $6.90 per pound ahead of Memorial Day, adding another layer of financial pressure for American families
May 22, 2026
Gas prices aren’t the only item inflicting
financial strain on Americans ahead of Memorial Day. For families firing up the
grill, that ground beef will have a higher price tag attached to it.
The national average for a pound of ground
beef stands at a record high of $6.90, according to the
Bureau of Labor Statistics. Lower cattle supply coupled with robust demand
caused prices to skyrocket over the past five years. Since President Donald
Trump took office in January 2025, ground beef prices have climbed by
24%.
That creates a political challenge as beef
remains central to the American diet.The Trump administration has struggled to
tame price increases in beef, a staple of the American diet. The U.S.
government is encouraging Americans to become more like carnivores: Beef is now on top
of the
food pyramid following an overhaul of federal dietary guidelines at the
Department of Health and Human Services. Even Health Secretary Robert F.
Kennedy Jr. has said he eats beef “twice
a day.”
The U.S. appetite for beef is enormous.
Americans devoured $45 billion worth of beef last year, per research from Beef
Research, an industry marketing group. The figure also helps explain why rising
beef prices carry political weight.
Trump himself has acknowledged the
challenges. In November, he said beef prices were “a little high” in a Fox News
interview.
The White House won’t find price relief in the meat market anytime soon. The
Department of Agriculture recently projected beef prices
will increase 6.3% in 2026, a figure outpacing its 20-year historical growth
rates.
The Trump administration has taken steps
to address what some economists are labeling “beeflation.” It announced a deal
with Beijing to reopen the Chinese market to U.S. beef exports, which
administration officials argue will encourage ranchers to grow their cattle
herds — now at historic lows — to meet new demand.
“The Trump administration is committed to
reducing beef and other grocery costs for hardworking Americans,” a White House
official said in a statement. “The Administration’s astonishing success in
reducing egg prices by cleaning up the Biden administration’s failures is proof
that President Trump has a track record of success in delivering.”
The USDA indeed projected that Americans
will catch a break as egg prices continue dropping this year. That’s largely
due to a less intense avian influenza combined with increased egg production.
Possible tariff relief and restaurants
altering their menus
Earlier this month, the White House eyed
tariff relief on beef imports as another lever for lower prices. The Wall
Street Journal reported that Trump
was on the verge of signing an executive order to import more beef into the
U.S. at lower tariff rates.
The administration had already given a
green light for a modest increase in Argentine beef imports in February. Yet Republicans
and cattle ranch groups balked at the latest proposal.
“We can’t import our way out of this
problem,” USCA President Justin Tupper said in a
statement.
“We will continue in our conversations with the Administration on this matter
and working for U.S. producers and the American consumers who depend on them.”
The White House was forced to shelve the
planned order for now. The Iran War continues rippling through the food supply
chain as higher diesel fuel prices add to the cost of transporting beef and
many other food products to grocery shelves..
Eating out is also a more expensive habit
to maintain, and beef inflation is rewiring short-term plans for fast-food
chains and beyond. For example, McDonald’s plans to expand their menu to
include more chicken to account for both customers and franchisees getting
squeezed by price hikes.
“Certainly right now in the environment
that we're in, I think chicken is benefiting relatively to its better cost
position relative to beef,” McDonald’s CEO Chris Kempczinski said in a recent
Q1 2026 earnings
call. Other restaurant chains like Texas Roadhouse simply raised menu prices at
the start of the year’s second quarter.
More
Beef prices hit
record highs in Memorial Day weekend squeeze
Technology
Update.
With events happening fast in the
development of solar power and graphene, among other things, I’ve added this
section Updates as they get reported.
With the SpaceX
coverage by Professor Boyle above, there’s no technology update today.
Next, the
world global debt clock. Nations debts to GDP compared.
World Debt Clocks
(usdebtclock.org)
Some cause happiness wherever they go; others, whenever they go.
Oscar Wilde
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