by Charles Hugh Smith
Of Two Minds
For everyone left out of the Fed’s hyper-financialized, hyper-globalized, hyper-inequality “new prosperity,” there’s always the bargain salmon cassarole.
The latest issue of New Prosperity Magazine addresses the Fed’s “Goldilocks” inflation and the coming crack-up boom. New Prosperity Magazine’s maiden issue was published back in 2009, shortly after the Global Financial Meltdown had temporarily disrupted the trajectory of prosperity. (The May 2009 cover is below.)
Interestingly, the magazine updated a favorite cost-saving recipe for salmon casserole from the May 2009 issue. Financial meltdowns hurt everyone who owns any of the assets being repriced lower, of course, but they have a way of hurting those living paycheck to paycheck even harder via rampant inflation of essentials and / or mass layoffs.