Summary
- A Charlotte restaurant offers a unique look at inflation over 54 years.
- Think gas prices were cheap in 1963? They still are.
- The stock market has been the best hedge against inflation since 1963. Is that a positive thing? Or an omen?
Anyone who drove a car before the 1973 gas crisis fondly remembers gasoline at 25 cents a gallon. That’s what it was selling for back in 1963. Those were the days! But in reality, gas prices are almost as cheap today as they were in 1963.
Whats really curious with Warsh the new fed chair, and his possible ideas/policies , that are out there, seems golden…