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Quotes, Messages, and Social Media Posts of the Day
You Can’t Hate the Government Enough
Egg prices spiked a few years ago due to the Biden admin’s moronic order to kill millions of chickens. Now that prices have reached the lowest level in 5 years, the Trump DOJ is bringing antitrust legislation against egg producers, which just adds yet another business cost (legal fees), while decreasing the incentive for new egg producers to enter the market. Farmers are already getting hit hard with price spikes in energy, fertilizer, and other input costs due to Trump’s war for Israel. It’s no wonder Americans continue to get crushed by food prices.
Investing Lesson of the Day
When an asset is backed by nothing but confidence & perception of value, be prepared for it to plummet when that confidence is lost.
RAVE Price Plummets 97% in 24 Hours, Investigations Launched
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If we could just package the tons of bullshit flowing out of Washington DC and every state capitol every day, the farmers would be set.